Torc Oil And Gas Ltd (TSE:TOG) shot up 0.8% during trading on Tuesday after National Bank Financial raised their price target on the stock from C$7.75 to C$9.45. National Bank Financial currently has an outperform rating on the stock. Torc Oil And Gas traded as high as C$7.61 and last traded at C$7.51. 877,554 shares were traded during mid-day trading, an increase of 42% from the average session volume of 616,122 shares. The stock had previously closed at C$7.57.
A number of other equities research analysts have also recently issued reports on TOG. Raymond James Financial reaffirmed an “outperform” rating and set a C$7.50 target price on shares of Torc Oil And Gas in a research report on Monday, December 4th. Royal Bank of Canada upped their target price on Torc Oil And Gas from C$7.00 to C$8.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Finally, TD Securities upped their target price on 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. Six equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$8.87.
In other Torc Oil And Gas 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.
The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.18%. 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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