FY2018 EPS Estimates for Torc Oil And Gas Ltd Increased by Analyst (TOG)
Torc Oil And Gas Ltd (TSE:TOG) – Investment analysts at Clarus Securities increased their FY2018 EPS estimates for shares of Torc Oil And Gas in a report released on Thursday. Clarus Securities analyst D. Choi now forecasts that the company will post earnings of $0.09 per share for the year, up from their prior estimate of ($0.02).
Several other equities research analysts also recently commented on the stock. TD Securities upped their target price on shares of 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. National Bank Financial cut shares of Torc Oil And Gas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 26th. Raymond James Financial upped their price target on shares of Torc Oil And Gas from C$7.50 to C$8.00 and gave the company an “outperform” rating in a report on Tuesday, December 12th. Royal Bank of Canada upped their price target on shares of Torc Oil And Gas from C$7.00 to C$8.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Finally, Eight Capital upped their price target on shares of Torc Oil And Gas from C$9.50 to C$10.50 in a report on Monday, January 15th.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th will be issued a $0.02 dividend. This represents a $0.24 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, February 27th. Torc Oil And Gas’s dividend payout ratio (DPR) is presently 2,400.00%.
In other news, insider Michael Wihak sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$6.95, for a total value of C$278,000.00.
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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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