Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Update

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,422,100 shares, a growth of 51.9% from the October 15th total of 8,175,300 shares. Based on an average trading volume of 80,800 shares, the short-interest ratio is currently 153.7 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Cibc World Mkts upgraded Tourmaline Oil to a “strong-buy” rating in a report on Friday, October 18th. Royal Bank of Canada upgraded Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st.

Tourmaline Oil Price Performance

OTCMKTS:TRMLF opened at $45.71 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.87 and a beta of -0.81. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15. The firm’s 50-day simple moving average is $45.53 and its 200 day simple moving average is $45.93.

Tourmaline Oil Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.3606 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Tourmaline Oil’s previous dividend of $0.26. This represents a dividend yield of 3.16%. Tourmaline Oil’s dividend payout ratio (DPR) is currently 32.10%.

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.