Shares of TORC Oil & Gas (TOG) were revisited by a Wall Street analyst today. Analyst Jeremy Mccrea from Raymond James rated TORC Oil & Gas (TOG) a Buy, setting a C$7.75 price target.
According to TipRanks.com, Mccrea has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.9% and a 33.5% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Freehold Royalties Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TORC Oil & Gas with a C$7.17 average price target.
TORC Oil & Gas’ market cap is currently C$964M and has a P/E ratio of 49.4. The company has a Price to Book ratio of 0.65.
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 companys projects include cardium, southeast Saskatchewan Torquay & Three fork. TORC Oil & Gas was founded on March 23, 2010 and is headquartered in Calgary, Canada.
The company’s shares closed on Wednesday at C$4.73.
