Scotiabank Reiterates Outperform Rating for Torc Oil And Gas Ltd (TOG)
Torc Oil And Gas Ltd (TSE:TOG)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a report released on Wednesday. They currently have a C$10.25 price target on the stock. Scotiabank’s target price points to a potential upside of 33.46% from the company’s previous close.
A number of other brokerages have also issued reports on TOG. CIBC increased their price objective on shares of Torc Oil And Gas from C$8.50 to C$9.50 in a report on Wednesday, October 19th. Dundee Securities lowered shares of Torc Oil And Gas from a “buy” rating to a “neutral” rating in a report on Tuesday, August 9th. Finally, TD Securities reaffirmed a “buy” rating and set a C$10.50 price objective on shares of Torc Oil And Gas in a report on Wednesday, August 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$8.71.
Torc Oil And Gas (TSE:TOG) opened at 7.68 on Wednesday. Torc Oil And Gas has a 52 week low of $3.71 and a 52 week high of $9.23. The company has a 50 day moving average of $8.01 and a 200 day moving average of $8.00. The stock’s market capitalization is $1.26 billion.
Torc Oil And Gas Company Profile
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 .
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