Tourmaline Oil (OTCMKTS:TRMLF) Posts Quarterly Earnings Results

Tourmaline Oil (OTCMKTS:TRMLF) posted 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 return on equity of 11.06% and a net margin of 27.12%.

Tourmaline Oil Stock Up 0.5 %

TRMLF opened at $45.26 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. Tourmaline Oil has a one year low of $36.93 and a one year high of $51.15. The firm has a market capitalization of $16.91 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54. The company has a fifty day moving average price of $46.92 and a 200-day moving average price of $45.95.

Tourmaline Oil Cuts Dividend

The company also recently announced 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. This represents a yield of 2.24%. The ex-dividend date was Monday, December 16th. Tourmaline Oil’s dividend payout ratio (DPR) is presently 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.