Tourmaline Oil Corp. (OTCMKTS:TRMLF) Announces $0.24 Dividend

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

Tourmaline Oil Stock Up 0.6 %

Tourmaline Oil stock opened at $44.32 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $16.56 billion, a PE ratio of 13.68, a P/E/G ratio of 0.83 and a beta of -0.54. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $51.15. The firm’s 50 day moving average price is $46.93 and its two-hundred day moving average price is $45.93.

Tourmaline Oil (OTCMKTS:TRMLF) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 fiscal year.

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.