TORC Oil and Gas Ltd (TOG) Receives Average Recommendation of “Buy” from Brokerages

Shares of TORC Oil and Gas Ltd (TSE:TOG) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is C$9.82.

Several equities analysts have weighed in on the stock. Eight Capital raised their target price on shares of TORC Oil and Gas from C$9.00 to C$9.80 in a report on Wednesday, May 9th. National Bank Financial raised 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 note on Thursday, August 9th. BMO Capital Markets raised their price target on shares of TORC Oil and Gas from C$8.50 to C$9.00 in a research note on Wednesday, May 9th. Canaccord Genuity raised their price target on shares of TORC Oil and Gas from C$10.00 to C$11.00 in a research note on Wednesday, May 9th. Finally, Raymond James raised their price target on shares of TORC Oil and Gas from C$9.50 to C$10.00 in a research note on Thursday, July 5th.

TSE:TOG opened at C$6.91 on Friday. TORC Oil and Gas has a twelve month low of C$4.79 and a twelve month high of C$8.12.

The company also recently declared a monthly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.022 per share. This is a boost from TORC Oil and Gas’s previous monthly dividend of $0.02. This represents a $0.26 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Monday, July 30th.

About TORC Oil and Gas

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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Analyst Recommendations for TORC Oil and Gas (TSE:TOG)

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