FY2017 EPS Estimates for Torc Oil And Gas Ltd (TOG) Reduced by Cormark

Torc Oil And Gas Ltd (TSE:TOG) – Stock analysts at Cormark cut their FY2017 earnings per share (EPS) estimates for shares of Torc Oil And Gas in a research report issued to clients and investors on Tuesday. Cormark analyst G. Ursu now forecasts that the company will earn $0.00 per share for the year, down from their previous forecast of $0.02.

Several other equities research analysts have also issued reports on the stock. TD Securities increased their price objective on shares of Torc Oil And Gas from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada raised their price target on shares of Torc Oil And Gas from C$7.00 to C$8.00 and gave the company an “outperform” rating in a report on Monday, November 6th. National Bank Financial lowered their price target on shares of Torc Oil And Gas from C$8.25 to C$7.75 and set an “outperform” rating for the company in a report on Friday, October 13th. Finally, Raymond James Financial raised their price target on shares of Torc Oil And Gas from C$7.50 to C$8.00 and gave the company an “outperform” rating in a report on Tuesday. Six investment analysts have rated the stock with a buy rating, Torc Oil And Gas presently has a consensus rating of “Buy” and a consensus target price of C$9.19.

Torc Oil And Gas (TSE TOG) opened at C$6.96 on Wednesday. Torc Oil And Gas has a one year low of C$4.43 and a one year high of C$8.73.

In other news, Director Dale Orest Shwed sold 6,946 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$5.42, for a total value of C$37,647.32. Also, insider Michael Wihak sold 44,976 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$5.42, for a total value of C$243,769.92.

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Torc Oil And Gas Company Profile

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 .

Earnings History and Estimates for Torc Oil And Gas (TSE:TOG)

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