Tourmaline Oil Corp. (OTCMKTS:TRMLF) Short Interest Up 46.9% in September

Tourmaline Oil Corp. (OTCMKTS:TRMLF) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 31,411,900 shares, an increase of 46.9% from the August 31st total of 21,384,300 shares. Based on an average daily volume of 57,800 shares, the short-interest ratio is presently 543.5 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Tourmaline Oil to a “moderate buy” rating in a research note on Thursday, August 1st.

Tourmaline Oil Trading Down 1.3 %

TRMLF stock opened at $43.83 on Friday. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $53.91. The company has a market capitalization of $15.45 billion and a PE ratio of 11.88. The company’s 50-day simple moving average is $44.08 and its 200 day simple moving average is $46.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90.

Tourmaline Oil (OTCMKTS:TRMLF) last announced its earnings results on Wednesday, July 31st. The company reported $0.53 earnings per share (EPS) for the quarter. Tourmaline Oil had a net margin of 25.15% and a return on equity of 10.71%. The firm had revenue of $954.74 million for the quarter.

Tourmaline Oil Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.259 per share. The ex-dividend date is Friday, September 13th. This represents a yield of 2.34%. Tourmaline Oil’s dividend payout ratio (DPR) is presently 28.18%.

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.