Tourmaline Oil (TRMLF) Expected to Announce Quarterly Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF) will likely be posting its quarterly earnings results on Wednesday, March 5th. Analysts expect Tourmaline Oil to post earnings of $0.83 per share and revenue of $1.59 billion for the quarter.

Tourmaline Oil Price Performance

Shares of OTCMKTS:TRMLF opened at $47.19 on Wednesday. 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 has a 1 year low of $36.93 and a 1 year high of $51.15. The business has a fifty day simple moving average of $46.62 and a 200 day simple moving average of $45.94. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 0.83 and a beta of -0.56.

Tourmaline Oil Cuts Dividend

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

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.