TORC Oil and Gas Ltd (TSE:TOG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$3.87 and last traded at C$3.96, with a volume of 303347 shares traded. The stock had previously closed at C$3.99.

A number of research analysts recently weighed in on the stock. Raymond James reaffirmed a “strong-buy” rating and issued a C$7.75 price target on shares of TORC Oil and Gas in a research note on Wednesday, May 8th. TD Securities raised their price target 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 Wednesday, May 8th. Finally, AltaCorp Capital lowered shares of TORC Oil and Gas from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$8.33.

The company has a market cap of $855.47 million and a price-to-earnings ratio of 48.89. The company has a debt-to-equity ratio of 24.18, a quick ratio of 0.60 and a current ratio of 0.60.

TORC Oil and Gas (TSE:TOG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$144.66 million during the quarter. As a group, analysts predict that TORC Oil and Gas Ltd will post 0.14 EPS for the current year.

The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend was Monday, April 29th. TORC Oil and Gas’s dividend payout ratio is presently 323.46%.

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TORC Oil and Gas Company Profile (TSE:TOG)

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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