Tourmaline Oil Corp. (TRMLF) to Issue Dividend of $0.24 on March 25th

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Sunday, March 9th, investing.com reports. Investors of record on Friday, March 14th will be paid a dividend of 0.2431 per share on Tuesday, March 25th. This represents a yield of 2.19%. The ex-dividend date is Thursday, March 13th.

Tourmaline Oil Stock Performance

Shares of Tourmaline Oil stock opened at $44.65 on Tuesday. The company has a market capitalization of $16.68 billion, a PE ratio of 13.78, a PEG ratio of 0.83 and a beta of -0.54. Tourmaline Oil has a 12 month low of $36.93 and a 12 month 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’s fifty day simple moving average is $46.89 and its 200 day simple moving average is $45.92.

Tourmaline Oil (OTCMKTS:TRMLF) last released its earnings results on Wednesday, March 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. On average, research analysts predict that Tourmaline Oil will post 2.52 EPS for the current year.

Tourmaline Oil Company Profile

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.