TORC Oil and Gas (TSE:TOG) PT Lowered to C$6.75 at Royal Bank of Canada

TORC Oil and Gas (TSE:TOG) had its price target cut by Royal Bank of Canada from C$8.00 to C$6.75 in a research report sent to investors on Thursday, BayStreet.CA reports.

A number of other brokerages also recently weighed in on TOG. Raymond James reiterated a hold rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. TD Securities lifted their price target on WestJet Airlines from C$19.00 to C$20.00 and gave the company a hold rating in a report on Wednesday, May 8th. National Bank Financial lowered their price target on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. GMP Securities reiterated a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. Finally, CIBC reiterated a hold rating and set a $2.50 price target on shares of Advantage Oil & Gas in a report on Thursday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of C$7.44.

Shares of TORC Oil and Gas stock opened at C$4.07 on Thursday. The stock’s fifty day moving average is C$4.10. The firm has a market capitalization of $885.94 million and a price-to-earnings ratio of 50.25. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 24.18. TORC Oil and Gas has a 12-month low of C$3.81 and a 12-month high of C$7.90.

TORC Oil and Gas (TSE:TOG) last announced its earnings results on Tuesday, May 7th. The company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$144.66 million for the quarter. As a group, equities analysts anticipate that TORC Oil and Gas will post 0.17 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.025 per share. This is an increase from TORC Oil and Gas’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.37%. TORC Oil and Gas’s payout ratio is currently 323.46%.

TORC Oil and Gas Company Profile

TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. The company's principal properties are located in the southeast Saskatchewan area. TORC Oil & Gas Ltd. was founded in 2010 and is headquartered in Calgary, Canada.

Featured Story: How does equity income fit into an investing strategy?

Analyst Recommendations for TORC Oil and Gas (TSE:TOG)

Receive News & Ratings for TORC Oil and Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORC Oil and Gas and related companies with's FREE daily email newsletter.