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Investment analysts at CIBC hoisted their target price on shares of Torc Oil & Gas (TSE:VRO) from C$12.75 to C$13.50 in a note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a “sector outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 437.85% from the stock’s previous close.

Torc Oil & Gas (TSE:VRO) remained flat at $2.51 during trading on Tuesday. Torc Oil & Gas has a 52 week low of $1.34 and a 52 week high of $2.72. The stock’s 50-day moving average is $2.57 and its 200-day moving average is $2.19.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Torc Oil & Gas in a research note to investors on Tuesday, December 3rd. Separately, analysts at Desjardins initiated coverage on shares of Torc Oil & Gas in a research note to investors on Monday, November 25th. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$6.17.

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