Torc Oil And Gas Ltd (TOG) Forecasted to Post FY2016 Earnings of ($0.37) Per Share
Torc Oil And Gas Ltd (TSE:TOG) – Equities research analysts at Cormark increased their FY2016 EPS estimates for Torc Oil And Gas in a research note issued to investors on Wednesday. Cormark analyst A. Arif now anticipates that the brokerage will post earnings per share of ($0.37) for the year, up from their previous estimate of ($0.44). Cormark also issued estimates for Torc Oil And Gas’ Q4 2016 earnings at ($0.08) EPS, Q1 2017 earnings at ($0.03) EPS, Q2 2017 earnings at ($0.05) EPS, Q3 2017 earnings at ($0.02) EPS, Q4 2017 earnings at ($0.01) EPS and FY2017 earnings at ($0.11) EPS.
TOG has been the subject of a number of other reports. Scotiabank reaffirmed an “outperform” rating and set a C$10.25 price target on shares of Torc Oil And Gas in a research note on Wednesday. TD Securities reaffirmed a “buy” rating and set a C$10.50 price target on shares of Torc Oil And Gas in a research note on Wednesday, August 17th. Dundee Securities cut shares of Torc Oil And Gas from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 9th. Finally, CIBC lifted their price target on shares of Torc Oil And Gas from C$8.50 to C$9.50 in a research note on Wednesday, October 19th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Torc Oil And Gas has an average rating of “Buy” and an average target price of C$8.71.
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. Torc Oil And Gas has a 52 week low of $3.71 and a 52 week high of $9.23. The company’s market cap is $1.25 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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