TORC Oil & Gas (TOG) Given New C$9.50 Price Target at National Bank Financial

TORC Oil & Gas (TSE:TOG) had its price target upped by National Bank Financial from C$9.45 to C$9.50 in a report released on Thursday. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on TOG. Eight Capital increased their target price on shares of TORC Oil & Gas from C$9.50 to C$10.50 in a research report on Monday, January 15th. CIBC increased their target price on shares of TORC Oil & Gas from C$8.00 to C$8.75 in a research report on Tuesday, January 23rd. Finally, Raymond James Financial increased their target price on shares of TORC Oil & Gas from C$8.00 to C$8.25 and gave the company an outperform rating in a research report on Friday, March 2nd.

TORC Oil & Gas stock opened at C$6.80 on Thursday. TORC Oil & Gas has a 1 year low of C$4.43 and a 1 year high of C$7.91.

TORC Oil & Gas (TSE:TOG) last released its earnings results on Wednesday, February 28th. The company reported C$0.03 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.01. The firm had revenue of C$113.74 million for the quarter, compared to analyst estimates of C$99.10 million.

In related news, Director Mary-Jo Case acquired 14,730 shares of TORC Oil & Gas stock in a transaction dated Wednesday, March 7th. The stock was bought at an average price of C$6.11 per share, with a total value of C$90,000.30. Also, insider Jason Zabinsky acquired 41,959 shares of TORC Oil & Gas stock in a transaction dated Friday, March 9th. The shares were bought at an average cost of C$6.12 per share, with a total value of C$256,789.08.

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TORC Oil & 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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