Tourmaline Oil (OTCMKTS:TRMLF) Hits New 1-Year Low at $36.93

Shares of Tourmaline Oil Corp. (OTCMKTS:TRMLF) hit a new 52-week low during trading on Monday . The company traded as low as $36.93 and last traded at $40.48, with a volume of 33015 shares traded. The stock had previously closed at $41.03.

Analysts Set New Price Targets

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

Tourmaline Oil Trading Down 1.3 %

The firm has a market capitalization of $14.26 billion and a P/E ratio of 11.12. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $45.75 and a 200-day moving average price of $45.74.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Monday, August 12th will be paid a $0.3619 dividend. The ex-dividend date is Friday, August 9th. This represents a yield of 3.29%. This is a positive change from Tourmaline Oil’s previous dividend of $0.23. Tourmaline Oil’s payout ratio is currently 25.47%.

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.