TORC Oil and Gas (TSE:TOG) had its price target decreased by Raymond James from C$7.75 to C$6.50 in a report released on Thursday, BayStreet.CA reports.

Several other research analysts also recently commented on the stock. AltaCorp Capital downgraded shares of TORC Oil and Gas from an outperform rating to a sector perform rating in a report on Tuesday, April 9th. Canaccord Genuity reaffirmed a buy rating and issued a $7.50 price objective on shares of in a report on Tuesday, July 9th. TD Securities raised their price objective on shares of WestJet Airlines from C$19.00 to C$20.00 and gave the stock a hold rating in a report on Wednesday, May 8th. National Bank Financial cut their price objective on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Finally, GMP Securities reaffirmed a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$7.92.

TOG opened at C$4.13 on Thursday. The business has a 50 day simple moving average of C$4.14. The company has a market cap of $899.00 million and a P/E ratio of 50.99. TORC Oil and Gas has a 12 month low of C$3.81 and a 12 month high of C$8.12. The company has a debt-to-equity ratio of 24.18, a quick ratio of 0.60 and a current ratio of 0.60.

TORC Oil and Gas (TSE:TOG) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$144.66 million during the quarter. As a group, equities analysts anticipate that TORC Oil and Gas will post 0.15 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be issued a $0.025 dividend. This represents a $0.30 annualized dividend and a yield of 7.26%. 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. TORC Oil and Gas’s dividend payout ratio (DPR) is presently 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.

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

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