Tourmaline Oil Corp. (OTCMKTS:TRMLF) Announces $0.25 Dividend

Tourmaline Oil Corp. (OTCMKTS:TRMLF) declared a dividend on Saturday, December 14th,investing.com reports. Shareholders of record on Tuesday, December 17th will be given 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 Trading Down 1.6 %

OTCMKTS:TRMLF traded down $0.74 on Friday, reaching $44.43. The company’s stock had a trading volume of 13,314 shares, compared to its average volume of 52,738. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $51.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day moving average price is $46.05 and its two-hundred day moving average price is $45.51. The firm has a market cap of $16.59 billion, a PE ratio of 13.71, a PEG ratio of 1.87 and a beta of -0.68.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts raised shares of Tourmaline Oil to a “strong-buy” rating in a research note 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.