Tourmaline Oil (OTCMKTS:TRMLF) Stock Price Down 0.9% – Time to Sell?

Tourmaline Oil Corp. (OTCMKTS:TRMLF)’s stock price traded down 0.9% on Monday . The company traded as low as $47.38 and last traded at $46.37. 118,546 shares changed hands during trading, an increase of 70% from the average session volume of 69,749 shares. The stock had previously closed at $46.81.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts upgraded shares of Tourmaline Oil to a “strong-buy” rating in a report on Friday, October 18th.

Tourmaline Oil Stock Down 0.9 %

The firm’s 50-day simple moving average is $45.46 and its 200 day simple moving average is $45.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $17.33 billion, a P/E ratio of 14.31, a PEG ratio of 1.84 and a beta of -0.56.

Tourmaline Oil Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.2486 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 2.24%. Tourmaline Oil’s payout ratio is presently 31.79%.

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.