Torc Oil And Gas Ltd (TSE:TOG) has been assigned an average rating of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$8.58.
A number of brokerages have issued reports on TOG. National Bank Financial decreased their price objective on Torc Oil And Gas from C$8.25 to C$7.75 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Raymond James Financial restated an “outperform” rating and set a C$7.50 price objective on shares of Torc Oil And Gas in a research report on Monday, December 4th. TD Securities upped their price objective on Torc Oil And Gas from C$8.00 to C$8.50 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Royal Bank of Canada upped their price objective on Torc Oil And Gas from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research report on Monday, November 6th.
In other news, insider Michael Wihak sold 40,000 shares of the company’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 transaction of C$278,000.00.
Shares of Torc Oil And Gas (TOG) opened at C$7.56 on Friday. The company has a market capitalization of $1,450.00, a PE ratio of 756.00 and a beta of 1.28. Torc Oil And Gas has a 52-week low of C$4.43 and a 52-week high of C$8.73.
The business also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.24 dividend on an annualized basis and a yield of 3.17%. Torc Oil And Gas’s dividend payout ratio (DPR) is presently 2,400.00%.
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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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