Tourmaline Oil Corp. (TRMLF) to Issue Dividend of $0.36 on November 26th

Tourmaline Oil Corp. (OTCMKTS:TRMLF) announced a dividend on Wednesday, November 13th,investing.com reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.3606 per share on Tuesday, November 26th. This represents a dividend yield of 3.16%. The ex-dividend date is Friday, November 15th. This is an increase from Tourmaline Oil’s previous dividend of $0.26.

Tourmaline Oil Stock Performance

OTCMKTS:TRMLF traded down $0.21 during trading hours on Wednesday, hitting $45.67. 8,948 shares of the company traded hands, compared to its average volume of 59,176. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $51.15. The firm has a 50-day moving average of $45.51 and a 200 day moving average of $45.93. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 1.89 and a beta of -0.81.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TRMLF shares. Royal Bank of Canada upgraded shares of Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st. Cibc World Mkts raised Tourmaline Oil to a “strong-buy” rating in a report on Friday, October 18th.

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.