TORC Oil & Gas (TOG) Price Target Raised to C$9.80 at Eight Capital

TORC Oil & Gas (TSE:TOG) had its price target upped by Eight Capital from C$9.00 to C$9.80 in a research note issued to investors on Wednesday, May 9th. Eight Capital’s price objective indicates a potential upside of 21.59% from the stock’s current price.

A number of other research analysts have also recently commented on the company. National Bank Financial cut TORC Oil & Gas from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 26th. Raymond James upped their target price on TORC Oil & Gas from C$8.00 to C$8.25 and gave the company an “outperform” rating in a research note on Friday, March 2nd. Laurentian set a C$9.50 target price on TORC Oil & Gas and gave the company a “buy” rating in a research note on Friday, May 4th. CIBC upped their target price on TORC Oil & Gas from C$8.00 to C$8.75 in a research note on Tuesday, January 23rd. Finally, GMP Securities upped their target price on TORC Oil & Gas from C$9.00 to C$10.00 in a research note on Wednesday, May 9th. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of C$9.53.

TSE:TOG opened at C$8.06 on Wednesday. TORC Oil & Gas has a 12 month low of C$4.43 and a 12 month high of C$8.09.

TORC Oil & Gas (TSE:TOG) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.01. The company had revenue of C$113.74 million for the quarter, compared to the consensus estimate of C$99.10 million.

In other news, Director Mary-Jo Case acquired 14,730 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were bought at an average price of C$6.11 per share, with a total value of C$90,000.30. Also, insider Jason Zabinsky acquired 41,959 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average cost of C$6.12 per share, for a total transaction of C$256,789.08.

About TORC Oil & 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 .

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

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