Tourmaline Oil Corp. (OTCMKTS:TRMLF) Sees Large Drop in Short Interest

Tourmaline Oil Corp. (OTCMKTS:TRMLF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 5,652,100 shares, a drop of 63.9% from the June 15th total of 15,673,600 shares. Based on an average daily volume of 45,800 shares, the short-interest ratio is currently 123.4 days.

Tourmaline Oil Price Performance

Shares of TRMLF stock traded up $0.50 on Thursday, hitting $45.58. 8,138 shares of the stock traded hands, compared to its average volume of 37,172. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $16.04 billion and a price-to-earnings ratio of 12.22. The firm has a 50 day simple moving average of $47.43 and a two-hundred day simple moving average of $45.92. Tourmaline Oil has a 52 week low of $39.39 and a 52 week high of $53.91.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $969.72 million for the quarter. Tourmaline Oil had a net margin of 28.95% and a return on equity of 12.72%.

Tourmaline Oil Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.2324 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a dividend yield of 1.92%. Tourmaline Oil’s payout ratio is currently 24.93%.

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.