Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Update

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 10,800,300 shares, a decline of 18.2% from the November 15th total of 13,202,000 shares. Based on an average daily trading volume, of 144,600 shares, the days-to-cover ratio is currently 74.7 days.

Tourmaline Oil Stock Down 1.6 %

OTCMKTS:TRMLF opened at $44.43 on Monday. The firm has a market capitalization of $16.59 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.84 and a beta of -0.68. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15. 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 stock has a 50 day moving average of $46.05 and a 200-day moving average of $45.46.

Tourmaline Oil Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.2486 per share. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 2.24%. Tourmaline Oil’s dividend payout ratio is currently 32.10%.

Analyst Upgrades and Downgrades

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

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.