TORC Oil and Gas (TSE:TOG) had its target price cut by TD Securities from C$10.50 to C$9.50 in a research note released on Tuesday. They currently have a buy rating on the stock.
Several other brokerages have also recently commented on TOG. CIBC boosted their price target on shares of TORC Oil and Gas from C$9.50 to C$10.25 in a research report on Friday, July 20th. National Bank Financial boosted their price target on shares of TORC Oil and Gas from C$11.00 to C$11.50 and gave the stock an outperform rating in a research report on Thursday, August 9th. Canaccord Genuity dropped their price target on shares of TORC Oil and Gas from C$11.00 to C$10.50 in a research report on Tuesday, October 16th. Cormark boosted their price target on shares of TORC Oil and Gas from C$11.50 to C$12.00 in a research report on Tuesday, October 9th. Finally, AltaCorp Capital reiterated an outperform rating on shares of TORC Oil and Gas in a research report on Thursday, September 27th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of C$10.11.
Shares of TORC Oil and Gas stock opened at C$4.91 on Tuesday. The company has a debt-to-equity ratio of 22.31, a quick ratio of 0.59 and a current ratio of 0.59. TORC Oil and Gas has a 52 week low of C$4.80 and a 52 week high of C$8.12.
TORC Oil and Gas (TSE:TOG) last issued its quarterly earnings results on Wednesday, August 8th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.02. The business had revenue of C$111.60 million during the quarter, compared to the consensus estimate of C$117.80 million. Sell-side analysts anticipate that TORC Oil and Gas will post 0.360000023900417 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.022 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.26 annualized dividend and a yield of 5.38%. TORC Oil and Gas’s payout ratio is presently 4,166.67%.
In other TORC Oil and Gas news, insider Jeremy Wallis sold 40,000 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of C$7.03, for a total transaction of C$281,200.00.
TORC Oil and Gas Company Profile
TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. The company's principal properties are located in the southeast Saskatchewan area. TORC Oil & Gas Ltd. was founded in 2010 and is headquartered in Calgary, Canada.
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