Shares of Toro Oil & Gas Ltd (NYSE:TOO) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.94.

Several research firms have recently weighed in on TOO. Zacks Investment Research raised shares of Toro Oil & Gas from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a report on Thursday, August 4th. RBC Capital Markets raised shares of Toro Oil & Gas from a “sector perform” rating to an “outperform” rating and set a $8.00 price objective for the company in a report on Thursday, August 18th. TheStreet cut shares of Toro Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, August 5th. National Bank Financial decreased their price objective on shares of Toro Oil & Gas from C$0.30 to C$0.25 in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada raised shares of Toro Oil & Gas from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $5.00 to $8.00 in a report on Thursday, August 18th.

Shares of Toro Oil & Gas (NYSE:TOO) traded up 6.319% on Monday, reaching $5.805. 533,627 shares of the company’s stock traded hands. The stock’s market cap is $830.46 million. Toro Oil & Gas has a 52-week low of $2.30 and a 52-week high of $13.64. The firm’s 50-day moving average is $6.03 and its 200-day moving average is $5.73.

Toro Oil & Gas (NYSE:TOO) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.18. The firm had revenue of $286.30 million for the quarter, compared to analysts’ expectations of $277.18 million. Toro Oil & Gas’s revenue was up .6% compared to the same quarter last year. Analysts anticipate that Toro Oil & Gas will post $0.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Friday, November 4th were given a $0.11 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.88%.

Several institutional investors have recently bought and sold shares of TOO. HBK Investments L P purchased a new position in Toro Oil & Gas during the first quarter worth $169,000. Berson & Corrado Investment Advisors LLC raised its position in Toro Oil & Gas by 69.2% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 480,248 shares of the company’s stock worth $2,857,000 after buying an additional 196,394 shares during the last quarter. Ronna Sue Cohen raised its position in Toro Oil & Gas by 3.0% in the second quarter. Ronna Sue Cohen now owns 109,440 shares of the company’s stock worth $651,000 after buying an additional 3,231 shares during the last quarter. Trust Asset Management LLC raised its position in Toro Oil & Gas by 2.4% in the second quarter. Trust Asset Management LLC now owns 35,343 shares of the company’s stock worth $210,000 after buying an additional 827 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its position in Toro Oil & Gas by 42.5% in the second quarter. Gilman Hill Asset Management LLC now owns 245,996 shares of the company’s stock worth $1,464,000 after buying an additional 73,316 shares during the last quarter.

About Toro Oil & Gas

Teekay Offshore Partners L.P. is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers.

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