Tourmaline Oil (OTCMKTS:TRMLF) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Tourmaline Oil (OTCMKTS:TRMLF) announced its earnings results on Wednesday. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05), Zacks reports. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.59 billion. Tourmaline Oil had a return on equity of 11.06% and a net margin of 27.12%.

Tourmaline Oil Trading Down 2.6 %

TRMLF stock opened at $44.07 on Friday. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15. The company has a market capitalization of $16.47 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.83 and a beta of -0.54. The company’s 50-day simple moving average is $46.93 and its 200 day simple moving average is $45.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01.

Tourmaline Oil Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.2486 per share. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, December 16th. Tourmaline Oil’s dividend payout ratio is currently 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.