Tourmaline Oil (OTCMKTS:TRMLF) Announces Quarterly Earnings Results

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

Tourmaline Oil Trading Up 0.5 %

OTCMKTS TRMLF traded up $0.21 on Wednesday, hitting $45.26. The company’s stock had a trading volume of 80,110 shares, compared to its average volume of 87,969. The firm has a market cap of $16.91 billion, a P/E ratio of 13.97, a PEG ratio of 0.83 and a beta of -0.54. Tourmaline Oil has a 52-week low of $36.93 and a 52-week high of $51.15. The company’s 50-day simple moving average is $46.89 and its 200 day simple moving average is $45.95. 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 Cuts Dividend

The firm also recently declared 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 was Monday, December 16th. This represents a yield of 2.24%. Tourmaline Oil’s dividend payout ratio is presently 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.