Tourmaline Oil (OTCMKTS:TRMLF) Issues Earnings Results

Tourmaline Oil (OTCMKTS:TRMLF) announced its quarterly earnings results on Wednesday. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05), Zacks reports. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%.

Tourmaline Oil Trading Up 0.5 %

TRMLF traded up $0.21 during trading on Wednesday, hitting $45.26. 80,110 shares of the company’s stock were exchanged, compared to its average volume of 87,969. Tourmaline Oil has a 1 year low of $36.93 and a 1 year high of $51.15. The stock has a 50 day moving average price of $46.89 and a 200 day moving average price of $45.95. The firm has a market cap of $16.91 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10.

Tourmaline Oil Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.2486 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 2.24%. Tourmaline Oil’s payout ratio is 30.25%.

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.