Tourmaline Oil Corp. (TRMLF) to Issue Dividend of $0.25 on December 31st

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Saturday, December 14th,investing.com reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.2486 per share on Tuesday, December 31st. This represents a yield of 2.24%. The ex-dividend date is Monday, December 16th.

Tourmaline Oil Stock Down 1.6 %

OTCMKTS TRMLF traded down $0.74 during trading hours on Friday, hitting $44.43. The company had a trading volume of 13,314 shares, compared to its average volume of 52,738. Tourmaline Oil has a fifty-two week low of $36.93 and a fifty-two week high of $51.15. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.87 and a beta of -0.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50 day moving average is $46.05 and its 200 day moving average is $45.51.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts upgraded Tourmaline Oil to a “strong-buy” rating in a report on Friday, October 18th.

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.