Tourmaline Oil Corp. (TRMLF) To Go Ex-Dividend on November 15th

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

Tourmaline Oil Trading Down 0.5 %

Shares of OTCMKTS TRMLF traded down $0.21 during midday trading on Wednesday, reaching $45.67. The stock had a trading volume of 8,948 shares, compared to its average volume of 59,176. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.89 and a beta of -0.81. Tourmaline Oil has a twelve month low of $36.93 and a twelve month high of $51.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50 day moving average price is $45.51 and its 200 day moving average price is $45.93.

Analyst Upgrades and Downgrades

TRMLF has been the topic of a number of research reports. Cibc World Mkts upgraded shares of Tourmaline Oil to a “strong-buy” rating in a research report on Friday, October 18th. Royal Bank of Canada upgraded shares of Tourmaline Oil to a “moderate buy” rating in a research report on Thursday, August 1st.

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.