AltaCorp Captial Keeps Their Buy Rating on TORC Oil & Gas (TOG)


TORC Oil & Gas (TOG), the Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Thomas Matthews from AltaCorp Captial remains bullish on the stock and has a C$6.25 price target.

According to TipRanks.com, Matthews is a 1-star analyst with an average return of -0.6% and a 39.6% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Obsidian Energy Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TORC Oil & Gas with a C$7.38 average price target.

TORC Oil & Gas’ market cap is currently C$1.02B and has a P/E ratio of 28.8. The company has a Price to Book ratio of 0.67.

TORC Oil & Gas Ltd. operates as an exploration company. It engages in the acquisition, exploration, development and production of crude oil and natural gas in Western Canada. The company was founded on March 23, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$4.72.

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