CIBC Thinks TORC Oil & Gas’ Stock is Going to Recover


Yesterday, an analyst has provided a rating update for the Materials sector company, TORC Oil & Gas (TOG). The company received a Buy rating from CIBC’s analyst Jamie Kubik, with a C$7 price target.

According to TipRanks.com, Kubik has 0 stars on 0-5 star ranking scale with an average return of -17.3% and a 23.7% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

TORC Oil & Gas has an analyst consensus of Strong Buy, with a price target consensus of C$7.47.

TORC Oil & Gas’ market cap is currently C$1.02B and has a P/E ratio of 29.8. 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 Friday at C$4.62, close to its 52-week low of C$3.97.

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