Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 23,173,300 shares, an increase of 107.1% from the July 31st total of 11,192,100 shares. Based on an average daily volume of 49,300 shares, the short-interest ratio is presently 470.0 days.
Tourmaline Oil Stock Performance
OTCMKTS TRMLF traded down $0.65 during trading hours on Wednesday, hitting $45.98. The company’s stock had a trading volume of 64,448 shares, compared to its average volume of 34,480. The company has a market cap of $16.18 billion and a P/E ratio of 12.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. Tourmaline Oil has a 12 month low of $36.93 and a 12 month high of $53.91. The company’s 50 day simple moving average is $44.56 and its two-hundred day simple moving average is $45.96.
Tourmaline Oil (OTCMKTS:TRMLF – Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $954.74 million for the quarter. Tourmaline Oil had a net margin of 25.15% and a return on equity of 10.71%.
Tourmaline Oil Increases Dividend
Analyst Ratings Changes
Separately, Royal Bank of Canada upgraded Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st.
View Our Latest Analysis on Tourmaline Oil
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.
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