Eight Capital Increases Torc Oil And Gas (TOG) Price Target to C$10.50
TOG has been the subject of several other research reports. Raymond James Financial restated an outperform rating and set a C$7.50 target price on shares of Torc Oil And Gas in a research note on Monday, December 4th. National Bank Financial increased their target price on Torc Oil And Gas from C$7.75 to C$9.45 and gave the company an outperform rating in a research note on Tuesday, January 9th. Royal Bank of Canada increased their target price on Torc Oil And Gas from C$7.00 to C$8.00 and gave the company an outperform rating in a research note on Monday, November 6th. Finally, TD Securities increased their target price on Torc Oil And Gas from C$8.00 to C$8.50 and gave the company a buy rating in a research note on Monday, November 6th. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of C$9.10.
Shares of Torc Oil And Gas (TSE TOG) opened at C$7.34 on Monday. Torc Oil And Gas has a 52 week low of C$4.43 and a 52 week high of C$7.91. The firm has a market capitalization of $1,440.00, a P/E ratio of 734.00 and a beta of 1.28.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 15th will be given a $0.02 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.27%. Torc Oil And Gas’s dividend payout ratio is currently 2,400.00%.
In other Torc Oil And Gas news, insider Michael Wihak sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$6.95, for a total value of C$278,000.00.
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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