Laurentian Bank of Canada Cuts TORC Oil and Gas (TSE:TOG) Price Target to C$5.75

TORC Oil and Gas (TSE:TOG) had its price target reduced by Laurentian Bank of Canada from C$6.00 to C$5.75 in a research report released on Wednesday, Stock Target Advisor reports.

A number of other brokerages have also weighed in on TOG. Laurentian lowered their price objective on TORC Oil and Gas from C$6.00 to C$5.75 in a report on Wednesday. Raymond James set a C$5.00 price objective on TORC Oil and Gas and gave the company a strong-buy rating in a report on Thursday, December 12th. Scotiabank lifted their price objective on TORC Oil and Gas from C$6.50 to C$7.00 in a report on Tuesday, January 14th. Tudor Pickering & Holt reaffirmed a hold rating on shares of TORC Oil and Gas in a report on Thursday, December 12th. Finally, National Bank Financial lowered their price objective on TORC Oil and Gas from C$6.50 to C$6.00 and set an outperform rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of C$6.33.

Shares of TOG opened at C$4.05 on Wednesday. TORC Oil and Gas has a twelve month low of C$3.03 and a twelve month high of C$5.46. The stock’s 50 day moving average is C$4.24 and its two-hundred day moving average is C$3.85. The firm has a market capitalization of $892.84 million and a PE ratio of -1,012.50. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 20.25.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be issued a $0.025 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date is Friday, February 28th. TORC Oil and Gas’s dividend payout ratio is presently -6,975.00%.

TORC Oil and Gas Company Profile

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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