Equities Analysts Offer Predictions for Torc Oil And Gas Ltd’s FY2019 Earnings (TSE:TOG)
Torc Oil And Gas Ltd (TSE:TOG) – Stock analysts at Cormark issued their FY2019 earnings estimates for Torc Oil And Gas in a report issued on Thursday. Cormark analyst G. Ursu anticipates that the company will earn $0.20 per share for the year.
TOG has been the topic of a number of other reports. Royal Bank Of Canada increased their price objective on Torc Oil And Gas from C$7.00 to C$10.00 in a research report on Thursday, July 20th. National Bank Financial increased their price objective on Torc Oil And Gas from C$7.75 to C$8.25 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$10.21.
Torc Oil And Gas (TSE TOG) traded up 2.50% during mid-day trading on Friday, hitting $5.73. The stock had a trading volume of 599,748 shares. The firm’s market cap is $1.07 billion. Torc Oil And Gas has a 1-year low of $4.43 and a 1-year high of $8.91. The stock has a 50 day moving average of $5.14 and a 200-day moving average of $6.22.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a $0.02 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.24 dividend on an annualized basis and a yield of 4.19%.
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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