Equities Analysts Set Expectations for Torc Oil And Gas Ltd’s FY2017 Earnings (TOG)
Torc Oil And Gas Ltd (TSE:TOG) – Analysts at Cormark lowered their FY2017 EPS estimates for Torc Oil And Gas in a report released on Tuesday. Cormark analyst G. Ursu now expects that the company will post earnings of $0.00 per share for the year, down from their previous estimate of $0.02.
A number of other research firms have also weighed in on TOG. Raymond James Financial reissued an “outperform” rating and set a C$7.50 price objective on shares of Torc Oil And Gas in a research note on Monday, December 4th. Royal Bank of Canada increased their price objective on Torc Oil And Gas from C$7.00 to C$8.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. TD Securities increased their price objective on Torc Oil And Gas from C$8.00 to C$8.50 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, National Bank Financial dropped their price target on Torc Oil And Gas from C$8.25 to C$7.75 and set an “outperform” rating for the company in a research note on Friday, October 13th. Six research analysts have rated the stock with a buy rating, Torc Oil And Gas presently has a consensus rating of “Buy” and a consensus target price of C$9.19.
Shares of Torc Oil And Gas (TSE TOG) opened at C$6.90 on Wednesday. Torc Oil And Gas has a 52 week low of C$4.43 and a 52 week high of C$8.73.
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Torc Oil And Gas Company Profile
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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