Tourmaline Oil Corp. Announces Dividend of $0.25 (OTCMKTS:TRMLF)

Tourmaline Oil Corp. (OTCMKTS:TRMLF) declared a dividend on Saturday, December 14th,investing.com reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.2486 per share on Tuesday, December 31st. This represents a yield of 2.24%. The ex-dividend date is Monday, December 16th.

Tourmaline Oil Trading Down 1.6 %

TRMLF stock traded down $0.74 during trading on Friday, hitting $44.43. The company had a trading volume of 13,314 shares, compared to its average volume of 52,738. The stock has a market cap of $16.59 billion, a PE ratio of 13.71, a PEG ratio of 1.87 and a beta of -0.68. The business has a 50-day moving average of $46.05 and a 200-day moving average of $45.51. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a one year low of $36.93 and a one year high of $51.15.

Wall Street Analyst Weigh In

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

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.