TORC Oil and Gas (TOG) Downgraded to “Sector Perform” at AltaCorp Capital
TORC Oil and Gas (TSE:TOG) was downgraded by equities research analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.
A number of other equities analysts also recently weighed in on TOG. Haywood Securities dropped their target price on shares of TORC Oil and Gas from C$9.00 to C$8.00 in a research note on Thursday, January 17th. TD Securities boosted their target price on shares of TORC Oil and Gas from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Canaccord Genuity dropped their target price on shares of 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 target price on shares of 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 target on shares of TORC Oil and Gas from C$11.50 to C$7.50 and set an “outperform” rating for the company in a research note on Monday, December 10th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$8.72.
Shares of TOG stock opened at C$5.13 on Tuesday. TORC Oil and Gas has a 12-month low of C$3.97 and a 12-month high of C$8.12. The stock has a market cap of $1.06 billion and a P/E ratio of 64.13. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 22.45.
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.
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