TORC Oil and Gas (TSE:TOG) had its price target lowered by CIBC from C$7.00 to C$5.50 in a report issued on Thursday, BayStreet.CA reports.

Other equities analysts have also issued reports about the company. AltaCorp Capital lowered TORC Oil and Gas from an outperform rating to a sector perform rating in a report on Tuesday, April 9th. Canaccord Genuity reissued a buy rating and set a $7.50 price objective on shares of in a report on Tuesday, July 9th. TD Securities increased their price objective 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 objective on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Finally, Raymond James reiterated a hold rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. TORC Oil and Gas has a consensus rating of Buy and a consensus price target of C$7.44.

Shares of TOG opened at C$4.07 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 24.18. The stock has a market capitalization of $885.94 million and a P/E ratio of 50.25. The firm’s 50 day simple moving average is C$4.10. 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 issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$144.66 million for the quarter. Sell-side analysts anticipate that TORC Oil and Gas will post 0.17 EPS 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 given 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 yield of 7.37%. 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.

Recommended Story: What are the risks of holding treasury bonds?

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 MarketBeat.com's FREE daily email newsletter.