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

TORC Oil and Gas Ltd (TSE:TOG) has earned an average recommendation of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$9.96.

Several equities analysts have recently weighed in on the company. National Bank Financial lifted their price target on TORC Oil and Gas from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Cormark lifted their price target on TORC Oil and Gas from C$11.50 to C$12.00 in a research report on Tuesday, October 9th. AltaCorp Capital reiterated an “outperform” rating on shares of TORC Oil and Gas in a research report on Thursday, September 27th. Canaccord Genuity reduced their price target on TORC Oil and Gas from C$11.00 to C$10.50 in a research report on Tuesday, October 16th. Finally, TD Securities reduced their price target on TORC Oil and Gas from C$10.50 to C$9.50 and set a “buy” rating for the company in a research report on Tuesday, November 6th.

In related 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.

Shares of TSE TOG opened at C$4.86 on Friday. TORC Oil and Gas has a fifty-two week low of C$4.66 and a fifty-two week high of C$8.12. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 22.10.

The firm also recently announced a monthly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 15th were given a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a yield of 5.43%. The ex-dividend date was Tuesday, October 30th. TORC Oil and Gas’s payout ratio is 165.61%.

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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