Torc Oil And Gas Ltd (TSE:TOG) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$9.00.
A number of equities analysts recently commented on TOG shares. CIBC raised their price objective on shares of Torc Oil And Gas from C$8.00 to C$8.75 in a research note on Tuesday, January 23rd. TD Securities raised 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. Eight Capital raised their price objective on shares of Torc Oil And Gas from C$9.50 to C$10.50 in a research note on Monday, January 15th. Royal Bank of Canada raised 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. Finally, Raymond James Financial raised 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.
In other Torc Oil And Gas news, insider Michael Wihak sold 40,000 shares of Torc Oil And Gas stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$6.95, for a total transaction of C$278,000.00.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Tuesday, February 27th. Torc Oil And Gas’s dividend payout ratio (DPR) is currently 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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