Tourmaline Oil (OTCMKTS:TRMLF) Announces Quarterly Earnings Results

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

Tourmaline Oil Price Performance

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

Tourmaline Oil Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.2486 dividend. This represents a dividend yield of 2.24%. The ex-dividend date was Monday, December 16th. Tourmaline Oil’s dividend payout ratio (DPR) 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.