Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Up 46.9% in September

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 31,411,900 shares, a growth of 46.9% from the August 31st total of 21,384,300 shares. Based on an average daily trading volume, of 57,800 shares, the days-to-cover ratio is presently 543.5 days.

Tourmaline Oil Stock Up 3.7 %

OTCMKTS TRMLF opened at $45.46 on Friday. Tourmaline Oil has a one year low of $36.93 and a one year high of $53.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day moving average price of $44.11 and a 200 day moving average price of $46.02. The company has a market cap of $16.00 billion and a P/E ratio of 12.32.

Tourmaline Oil (OTCMKTS:TRMLF) last issued its earnings results on Wednesday, July 31st. The company reported $0.53 earnings per share for the quarter. Tourmaline Oil had a return on equity of 10.71% and a net margin of 25.15%. The business had revenue of $954.74 million for the quarter.

Tourmaline Oil Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $0.259 per share. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 2.34%. Tourmaline Oil’s dividend payout ratio is presently 27.91%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Tourmaline Oil to a “moderate buy” rating in a report on Thursday, August 1st.

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.