TORC Oil and Gas (TSE:TOG) PT Lowered to C$1.00

Share on StockTwits

TORC Oil and Gas (TSE:TOG) had its price target reduced by Raymond James from C$2.50 to C$1.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ target price points to a potential upside of 66.67% from the company’s current price.

A number of other analysts also recently issued reports on TOG. National Bank Financial lowered their price objective on shares of TORC Oil and Gas from C$6.00 to C$3.25 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Laurentian lowered their price objective on shares of TORC Oil and Gas from C$6.00 to C$5.75 in a report on Wednesday, February 12th. Tudor Pickering reiterated a “hold” rating and issued a C$2.50 price objective on shares of TORC Oil and Gas in a report on Tuesday, March 17th. Laurentian Bank of Canada lowered their price objective on shares of TORC Oil and Gas from C$6.00 to C$5.75 in a report on Wednesday, February 12th. Finally, Scotiabank lowered their price objective on shares of TORC Oil and Gas from C$7.00 to C$1.25 in a report on Wednesday, March 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$3.46.

TSE TOG opened at C$0.60 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 21.87. TORC Oil and Gas has a 12-month low of C$0.41 and a 12-month high of C$5.46. The company has a market capitalization of $130.87 million and a PE ratio of -3.53. The firm’s 50 day moving average is C$2.74 and its 200-day moving average is C$3.64.

TORC Oil and Gas (TSE:TOG) last posted its quarterly earnings data on Thursday, February 27th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$141.54 million during the quarter. As a group, sell-side analysts expect that TORC Oil and Gas will post 0.02 EPS for the current year.

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.

Recommended Story: What are high-yield dividend stocks?

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

Receive News & Ratings for TORC Oil and Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORC Oil and Gas and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Renaissance Technologies LLC Has $3.11 Million Stock Position in Banner Co.
Renaissance Technologies LLC Has $3.11 Million Stock Position in Banner Co.
Mongodb Inc  Insider Sells $47,554.05 in Stock
Mongodb Inc Insider Sells $47,554.05 in Stock
Victory Capital Management Inc. Acquires 1,663 Shares of Ship Finance International Limited
Victory Capital Management Inc. Acquires 1,663 Shares of Ship Finance International Limited
Man Group plc Has $3.33 Million Stock Holdings in Zoom Video Communications Inc
Man Group plc Has $3.33 Million Stock Holdings in Zoom Video Communications Inc
Raymond James & Associates Acquires 4,173 Shares of Skyline Co.
Raymond James & Associates Acquires 4,173 Shares of Skyline Co.
Profund Advisors LLC Cuts Position in Banner Co.
Profund Advisors LLC Cuts Position in Banner Co.


© 2006-2020 Ticker Report