Tourmaline Oil Corp. (OTCMKTS:TRMLF) Announces Dividend Increase – $0.36 Per Share

Tourmaline Oil Corp. (OTCMKTS:TRMLF) declared a dividend on Wednesday, November 13th,investing.com reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.3606 per share on Tuesday, November 26th. This represents a dividend yield of 3.16%. The ex-dividend date is Friday, November 15th. This is a boost from Tourmaline Oil’s previous dividend of $0.26.

Tourmaline Oil Trading Down 1.2 %

Shares of TRMLF stock traded down $0.56 on Thursday, reaching $45.11. 39,346 shares of the company’s stock were exchanged, compared to its average volume of 49,248. The company’s fifty day simple moving average is $45.53 and its 200 day simple moving average is $45.93. The stock has a market capitalization of $16.75 billion, a PE ratio of 13.92, a P/E/G ratio of 1.89 and a beta of -0.81. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada upgraded shares of Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st. Cibc World Mkts raised Tourmaline Oil to a “strong-buy” rating in a research 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.