Equities Analysts Offer Predictions for Torc Oil And Gas Ltd’s Q3 2017 Earnings (TSE:TOG)
Torc Oil And Gas Ltd (TSE:TOG) – Analysts at Cormark issued their Q3 2017 earnings estimates for shares of Torc Oil And Gas in a research report issued on Thursday. Cormark analyst G. Ursu expects that the company will post earnings of $0.01 per share for the quarter. Cormark also issued estimates for Torc Oil And Gas’ Q4 2017 earnings at $0.02 EPS, FY2017 earnings at $0.06 EPS, Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS and FY2018 earnings at $0.15 EPS.
TOG has been the subject of several other reports. Royal Bank Of Canada upped their price objective on Torc Oil And Gas from C$7.00 to C$10.00 in a research report on Thursday, July 20th. National Bank Financial upped their price objective on Torc Oil And Gas from C$7.75 to C$8.25 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Torc Oil And Gas has an average rating of “Buy” and a consensus price target of C$10.21.
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Shares of Torc Oil And Gas (TOG) opened at 5.73 on Monday. The company’s 50 day moving average price is $5.14 and its 200-day moving average price is $6.22. Torc Oil And Gas has a 52 week low of $4.43 and a 52 week high of $8.91. The stock’s market capitalization is $1.07 billion.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.24 annualized dividend and a dividend yield of 4.19%.
About Torc Oil And Gas
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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