TORC Oil and Gas Ltd (TSE:TOG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.12 and traded as high as $3.60. TORC Oil and Gas shares last traded at $3.58, with a volume of 284,671 shares traded.

A number of brokerages recently weighed in on TOG. Canaccord Genuity dropped their target price on shares of TORC Oil and Gas from C$8.00 to C$7.50 in a research report on Tuesday, July 9th. Royal Bank of Canada dropped their target price on shares of TORC Oil and Gas from C$8.00 to C$6.75 in a research report on Thursday, July 18th. GMP Securities dropped their target price on shares of TORC Oil and Gas from C$7.75 to C$6.75 in a research report on Friday, June 28th. National Bank Financial dropped their target price on shares of TORC Oil and Gas from C$7.50 to C$6.50 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Raymond James restated a “strong-buy” rating and set a C$6.50 target price on shares of TORC Oil and Gas in a research report on Thursday, August 1st. 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. TORC Oil and Gas has a consensus rating of “Buy” and an average price target of C$7.40.

The company has a debt-to-equity ratio of 20.47, a current ratio of 0.41 and a quick ratio of 0.41. The stock’s 50-day moving average is C$3.66 and its two-hundred day moving average is C$4.12. The stock has a market cap of $772.76 million and a P/E ratio of 46.67.

TORC Oil and Gas (TSE:TOG) last issued its earnings results on Wednesday, July 31st. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$152.91 million for the quarter. On average, analysts anticipate that TORC Oil and Gas Ltd will post 0.09 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be paid a dividend of $0.025 per share. This represents a $0.30 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Wednesday, October 30th. TORC Oil and Gas’s payout ratio is 360.00%.

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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