Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 13,091,200 shares, a growth of 36.4% from the February 13th total of 9,596,100 shares. Based on an average trading volume of 133,100 shares, the days-to-cover ratio is currently 98.4 days. Currently, 3.5% of the company’s shares are sold short.
Tourmaline Oil Stock Down 1.6 %
Shares of OTCMKTS TRMLF traded down $0.71 on Friday, hitting $44.69. The company had a trading volume of 213,428 shares, compared to its average volume of 85,189. Tourmaline Oil has a 12-month low of $36.93 and a 12-month high of $51.15. The business has a 50 day moving average of $46.80 and a two-hundred day moving average of $45.89. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $16.70 billion, a P/E ratio of 13.79, a PEG ratio of 0.83 and a beta of -0.54.
Tourmaline Oil (OTCMKTS:TRMLF – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%. As a group, equities research analysts forecast that Tourmaline Oil will post 2.52 earnings per share for the current fiscal year.
Tourmaline Oil Increases Dividend
Wall Street Analyst Weigh In
Separately, Cormark upgraded Tourmaline Oil to a “moderate buy” rating in a research note on Friday, March 7th.
View Our Latest Report on TRMLF
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.
Further Reading
- Five stocks we like better than Tourmaline Oil
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- How to Build the Ultimate Everything ETF Portfolio
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- What is the Nasdaq? Complete Overview with History
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Tourmaline Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Oil and related companies with MarketBeat.com's FREE daily email newsletter.