TORC Oil and Gas (TSE:TOG) had its price objective dropped by investment analysts at National Bank Financial from C$7.50 to C$6.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 47.39% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Raymond James reissued a “strong-buy” rating and set a C$7.75 target price on shares of TORC Oil and Gas in a report on Wednesday, May 8th. TD Securities boosted their target price on shares of TORC Oil and Gas from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, AltaCorp Capital lowered shares of TORC Oil and Gas from an “outperform” rating to a “sector perform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. TORC Oil and Gas has a consensus rating of “Buy” and an average target price of C$8.22.
TOG opened at C$4.41 on Tuesday. TORC Oil and Gas has a fifty-two week low of C$3.81 and a fifty-two week high of C$8.12. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 24.18. The company has a market cap of $925.12 million and a price-to-earnings ratio of 54.44. The stock’s 50 day simple moving average is C$4.31.
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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