TORC Oil and Gas (TSE:TOG) had its target price reduced by Canaccord Genuity from C$10.50 to C$8.00 in a report issued on Thursday morning.

TOG has been the subject of several other research reports. CIBC decreased their price objective on shares of TORC Oil and Gas from C$10.25 to C$8.50 and set a buy rating for the company in a research note on Thursday, November 22nd. TD Securities reduced their target price on shares of TORC Oil and Gas from C$10.50 to C$9.50 and set a buy rating for the company in a report on Tuesday, November 6th. National Bank Financial reduced their target price on shares of TORC Oil and Gas from C$11.50 to C$7.50 and set an outperform rating for the company in a report on Monday, December 10th. Royal Bank of Canada reduced their target price on shares of TORC Oil and Gas from C$10.00 to C$8.00 in a report on Tuesday. Finally, Raymond James reaffirmed a strong-buy rating and issued a C$7.50 target price on shares of TORC Oil and Gas in a report on Thursday, December 13th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of C$8.95.

Shares of TOG stock traded down C$0.02 on Thursday, reaching C$4.69. 660,737 shares of the stock were exchanged, compared to its average volume of 1,315,100. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 22.10. TORC Oil and Gas has a twelve month low of C$3.97 and a twelve month high of C$8.12.

TORC Oil and Gas (TSE:TOG) last released its quarterly earnings data on Monday, November 5th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.06. The company had revenue of C$166.98 million during the quarter. On average, sell-side analysts expect that TORC Oil and Gas will post 0.379999980920503 earnings per share for the current year.

The company also recently declared a monthly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 17th were issued a dividend of $0.022 per share. The ex-dividend date was Thursday, November 29th. This represents a $0.26 annualized dividend and a yield of 5.63%. TORC Oil and Gas’s dividend payout ratio is currently 159.24%.

About TORC Oil and Gas

TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. The company's principal properties are located in the southeast Saskatchewan area. TORC Oil & Gas Ltd. was founded in 2010 and is headquartered in Calgary, Canada.

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Analyst Recommendations for TORC Oil and Gas (TSE:TOG)

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