TORC Oil and Gas Ltd (TOG) to Issue Monthly Dividend of $0.02 on April 15th
TORC Oil and Gas Ltd (TSE:TOG) declared a monthly dividend on Thursday, March 28th, TickerTech reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.022 per share on Monday, April 15th. This represents a $0.26 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Thursday, March 28th.
Shares of TOG stock remained flat at $C$4.69 during trading on Wednesday. The stock had a trading volume of 935,246 shares, compared to its average volume of 872,547. TORC Oil and Gas has a 52 week low of C$3.97 and a 52 week high of C$8.12. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 22.45. The company has a market capitalization of $989.82 million and a price-to-earnings ratio of 58.63.
Several equities analysts recently commented on TOG shares. Haywood Securities dropped their price objective on TORC Oil and Gas from C$9.00 to C$8.00 in a research note on Thursday, January 17th. TD Securities upped their price objective on TORC Oil and Gas from C$6.50 to C$7.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Canaccord Genuity dropped their price objective on TORC Oil and Gas from C$10.50 to C$8.00 in a research note on Thursday, January 10th. Royal Bank of Canada dropped their price objective on TORC Oil and Gas from C$10.00 to C$8.00 in a research note on Tuesday, January 8th. Finally, National Bank Financial dropped their price objective on TORC Oil and Gas from C$11.50 to C$7.50 and set an “outperform” rating on the stock in a research note on Monday, December 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. TORC Oil and Gas has a consensus rating of “Buy” and an average target price of C$8.72.
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.
Further Reading: Analyst Ratings
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