Torc Oil And Gas (TOG) Cut to Sector Perform at National Bank Financial

National Bank Financial lowered shares of Torc Oil And Gas (TSE:TOG) from an outperform rating to a sector perform rating in a report published on Friday, January 26th.

A number of other analysts have also recently commented on TOG. CIBC lifted their price objective on Torc Oil And Gas from C$8.00 to C$8.75 in a research report on Tuesday, January 23rd. Eight Capital lifted their price objective on Torc Oil And Gas from C$9.50 to C$10.50 in a research report on Monday, January 15th. Raymond James Financial restated an outperform rating and issued a C$7.50 price target on shares of Torc Oil And Gas in a report on Monday, December 4th. Royal Bank of Canada lifted their price target on Torc Oil And Gas from C$7.00 to C$8.00 and gave the company an outperform rating in a report on Monday, November 6th. Finally, TD Securities lifted their price target on Torc Oil And Gas from C$8.00 to C$8.50 and gave the company a buy rating in a report on Monday, November 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Torc Oil And Gas currently has an average rating of Buy and an average price target of C$9.06.

Shares of Torc Oil And Gas (TSE:TOG) traded up C$0.08 during mid-day trading on Friday, hitting C$6.23. The stock had a trading volume of 415,695 shares, compared to its average volume of 599,054. Torc Oil And Gas has a twelve month low of C$4.43 and a twelve month high of C$7.91. The stock has a market capitalization of $1,190.00, a PE ratio of 623.00 and a beta of 1.21.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th will be paid a $0.02 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, February 27th. Torc Oil And Gas’s dividend payout ratio is currently 2,400.00%.

In other news, insider Michael Wihak sold 40,000 shares of Torc Oil And Gas stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$6.95, for a total value of C$278,000.00.

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About Torc Oil And Gas

TORC Oil and Gas Ltd. (TORC), formerly Vero Energy Inc (Vero), is a Canada-based company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas assets.The Company is engaged in drilling activities. TORC uses its technical, technological and industry knowledge to evaluate potential hydrocarbon .

Analyst Recommendations for Torc Oil And Gas (TSE:TOG)

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