TORC Oil and Gas (TSE:TOG) PT Lowered to C$6.75 at GMP Securities

TORC Oil and Gas (TSE:TOG) had its price target lowered by GMP Securities from C$7.75 to C$6.75 in a research note issued to investors on Friday, June 28th, BayStreet.CA reports.

A number of other brokerages have also commented on TOG. 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. TD Securities raised their price objective on shares of WestJet Airlines from C$19.00 to C$20.00 and gave the stock a hold rating in a report on Wednesday, May 8th. Raymond James set a $31.00 price objective on shares of Mylan and gave the stock a buy rating in a report on Wednesday, May 8th. Finally, National Bank Financial dropped their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. TORC Oil and Gas presently has a consensus rating of Buy and a consensus price target of C$7.44.

TOG traded up C$0.11 during mid-day trading on Friday, hitting C$4.07. The stock had a trading volume of 470,200 shares, compared to its average volume of 770,679. The business’s fifty day simple moving average is C$4.10. The company has a debt-to-equity ratio of 24.18, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $885.94 million and a price-to-earnings ratio of 50.25. TORC Oil and Gas has a 1-year low of C$3.81 and a 1-year high of C$7.90.

TORC Oil and Gas (TSE:TOG) last posted its earnings results on Tuesday, May 7th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$144.66 million during the quarter. As a group, analysts forecast that TORC Oil and Gas will post 0.17 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be issued a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.37%. This is a positive change from TORC Oil and Gas’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, July 30th. TORC Oil and Gas’s dividend payout ratio (DPR) is presently 323.46%.

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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