Brokerages Set TORC Oil and Gas Ltd (TOG) Price Target at $9.82

TORC Oil and Gas Ltd (TSE:TOG) has earned a consensus rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$9.98.

TOG has been the subject of several research reports. Raymond James lifted their price target on shares of TORC Oil and Gas from C$9.50 to C$10.00 in a report on Thursday, July 5th. CIBC lifted their price target on shares of TORC Oil and Gas from C$9.50 to C$10.25 in a report on Friday, July 20th. National Bank Financial lifted their price target on shares of TORC Oil and Gas from C$11.00 to C$11.50 and gave the company an “outperform” rating in a report on Thursday, August 9th. AltaCorp Capital reaffirmed an “outperform” rating on shares of TORC Oil and Gas in a report on Thursday, September 27th. Finally, Cormark lifted their price target on shares of TORC Oil and Gas from C$11.50 to C$12.00 in a report on Tuesday.

TOG stock traded down C$0.04 during mid-day trading on Friday, hitting C$6.21. 554,300 shares of the company were exchanged, compared to its average volume of 748,145. TORC Oil and Gas has a twelve month low of C$5.66 and a twelve month high of C$8.12.

TORC Oil and Gas (TSE:TOG) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C$0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.05 by C$0.02. The company had revenue of C$111.60 million for the quarter, compared to analyst estimates of C$117.80 million.

In other TORC Oil and Gas news, insider Jeremy Wallis sold 40,000 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of C$7.03, for a total transaction of C$281,200.00.

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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