Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Update

Tourmaline Oil Corp. (OTCMKTS:TRMLF) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 12,422,100 shares, a growth of 51.9% from the October 15th total of 8,175,300 shares. Based on an average daily volume of 80,800 shares, the short-interest ratio is presently 153.7 days.

Wall Street Analyst Weigh In

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

Tourmaline Oil Price Performance

Shares of OTCMKTS:TRMLF opened at $45.71 on Friday. The business’s 50 day moving average is $45.53 and its 200-day moving average is $45.93. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $16.97 billion, a PE ratio of 13.92, a PEG ratio of 1.87 and a beta of -0.81. Tourmaline Oil has a 1-year low of $36.93 and a 1-year high of $51.15.

Tourmaline Oil Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th will be given a $0.3606 dividend. This is an increase from Tourmaline Oil’s previous dividend of $0.26. The ex-dividend date of this dividend is Friday, November 15th. This represents a yield of 3.16%. Tourmaline Oil’s payout ratio is presently 32.10%.

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.