Tourmaline Oil Corp. (TSE:TOU – Get Free Report) declared a quarterly dividend on Wednesday, May 8th, TickerTech reports. Shareholders of record on Thursday, May 16th will be paid a dividend of 0.32 per share on Thursday, May 16th. This represents a $1.28 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, May 8th. This is an increase from Tourmaline Oil’s previous quarterly dividend of $0.30.
Tourmaline Oil Stock Performance
Shares of TSE TOU opened at C$64.78 on Monday. The company has a debt-to-equity ratio of 9.61, a current ratio of 0.89 and a quick ratio of 0.47. The stock’s fifty day moving average price is C$63.47 and its two-hundred day moving average price is C$62.88. Tourmaline Oil has a one year low of C$53.45 and a one year high of C$74.21. The firm has a market cap of C$22.78 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.72 and a beta of 1.41.
Tourmaline Oil (TSE:TOU – Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported C$2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.41 by C$0.59. The company had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.49 billion. Tourmaline Oil had a return on equity of 12.72% and a net margin of 35.78%. On average, equities analysts forecast that Tourmaline Oil will post 4.7492669 EPS for the current year.
Wall Street Analyst Weigh In
View Our Latest Report on Tourmaline Oil
Insider Buying and Selling at Tourmaline Oil
In other Tourmaline Oil news, Senior Officer Mike Rose bought 5,000 shares of the stock in a transaction dated Friday, March 8th. The shares were bought at an average cost of C$62.25 per share, for a total transaction of C$311,259.00. In the last 90 days, insiders bought 12,630 shares of company stock worth $790,110. Insiders own 5.19% of the company’s stock.
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.
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