Tourmaline Oil (OTCMKTS:TRMLF) Stock Price Up 1%

Tourmaline Oil Corp. (OTCMKTS:TRMLF) shares rose 1% on Tuesday . The company traded as high as $48.47 and last traded at $48.43. Approximately 2,535 shares changed hands during trading, a decline of 95% from the average daily volume of 46,099 shares. The stock had previously closed at $47.96.

Tourmaline Oil Stock Up 3.2 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $45.94 and its two-hundred day moving average price is $46.53. The stock has a market capitalization of $17.54 billion and a PE ratio of 13.41.

Tourmaline Oil (OTCMKTS:TRMLF) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.47 earnings per share for the quarter. Tourmaline Oil had a net margin of 29.60% and a return on equity of 12.96%. The firm had revenue of $1.22 billion during the quarter.

Tourmaline Oil Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.222 dividend. The ex-dividend date was Thursday, March 14th. This represents a yield of 1.92%. Tourmaline Oil’s dividend payout ratio is presently 19.62%.

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.