Tourmaline Oil (OTCMKTS:TRMLF) Trading 0.4% Higher – Here’s What Happened

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s share price traded up 0.4% on Thursday . The company traded as high as $45.93 and last traded at $45.38. 152,076 shares changed hands during mid-day trading, an increase of 184% from the average session volume of 53,575 shares. The stock had previously closed at $45.19.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts raised shares of Tourmaline Oil to a “strong-buy” rating in a research report on Friday, October 18th.

Tourmaline Oil Price Performance

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $16.86 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.92 and a beta of -0.68. The stock’s 50-day moving average is $46.39 and its two-hundred day moving average is $45.71.

Tourmaline Oil Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were paid a $0.3606 dividend. This is an increase from Tourmaline Oil’s previous dividend of $0.26. This represents a yield of 3.16%. The ex-dividend date was Friday, November 15th. Tourmaline Oil’s dividend payout ratio is currently 32.10%.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.