FY2016 EPS Estimates for Torc Oil And Gas Ltd Decreased by Clarus Securities (TOG)
Torc Oil And Gas Ltd (TSE:TOG) – Analysts at Clarus Securities decreased their FY2016 earnings estimates for shares of Torc Oil And Gas in a research note issued on Wednesday. Clarus Securities analyst J. Ho now forecasts that the firm will post earnings of ($0.34) per share for the year, down from their previous forecast of ($0.28). Clarus Securities also issued estimates for Torc Oil And Gas’ FY2017 earnings at ($0.10) EPS.
Several other brokerages also recently weighed in on TOG. TD Securities reduced their price target on shares of Torc Oil And Gas from C$11.00 to C$10.50 and set a “buy” rating for the company in a research report on Wednesday. Scotiabank reissued an “outperform” rating and set a C$10.25 price target on shares of Torc Oil And Gas in a research report on Wednesday. CIBC raised their price target on shares of Torc Oil And Gas from C$8.50 to C$9.50 in a research report on Wednesday, October 19th. Finally, Dundee Securities downgraded shares of Torc Oil And Gas from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$8.71.
Shares of Torc Oil And Gas (TSE:TOG) opened at 7.65 on Friday. The firm’s 50-day moving average is $8.00 and its 200-day moving average is $7.99. The company’s market cap is $1.25 billion. Torc Oil And Gas has a one year low of $3.71 and a one year high of $9.23.
About Torc Oil And Gas
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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