Torc Oil And Gas Ltd (TSE:TOG) rose 0.3% during trading on Wednesday . The stock traded as high as C$6.94 and last traded at C$6.86. Approximately 459,775 shares traded hands during trading, a decline of 47% from the average daily volume of 862,941 shares. The stock had previously closed at C$6.84.
TOG has been the subject of several research reports. Royal Bank of Canada lifted their price objective on shares of Torc Oil And Gas from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. TD Securities lifted 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 note on Monday, November 6th. Raymond James Financial lifted their price objective on shares of Torc Oil And Gas from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Finally, National Bank Financial lowered their price objective 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 research note on Friday, October 13th. Six investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$8.58.
The business also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 3.23%. Torc Oil And Gas’s payout ratio is currently 2,400.00%.
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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