Torc Oil And Gas Ltd (TSE:TOG) – Research analysts at Clarus Securities cut their FY2017 EPS estimates for Torc Oil And Gas in a research note issued on Tuesday. Clarus Securities analyst J. Ho now anticipates that the firm will post earnings of $0.15 per share for the year, down from their previous forecast of $0.16.
Several other analysts have also recently commented on TOG. Dundee Securities lifted their price objective on shares of Torc Oil And Gas from C$7.00 to C$8.25 in a research note on Monday, April 4th. CIBC lifted their price objective on shares of Torc Oil And Gas from C$6.50 to C$8.50 in a research note on Friday, April 15th. Desjardins lifted their price objective on shares of Torc Oil And Gas from C$8.50 to C$9.50 in a research note on Friday, April 22nd. Canaccord Genuity decreased their price objective on shares of Torc Oil And Gas from C$10.00 to C$9.00 in a research note on Monday, May 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Torc Oil And Gas from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Thursday, May 12th. Ten equities research analysts have rated the stock with a buy rating, Torc Oil And Gas has an average rating of “Buy” and a consensus price target of C$8.48.
Shares of Torc Oil And Gas (TSE:TOG) traded down 0.71% during trading on Wednesday, hitting $6.95. 1,358,787 shares of the company were exchanged. Torc Oil And Gas has a 12 month low of $3.71 and a 12 month high of $9.23. The firm’s 50-day moving average price is $8.09 and its 200 day moving average price is $7.23. The firm’s market capitalization is $1.13 billion.
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 .
