TORC Oil & Gas (TOG) seems to be keeping analysts happy lately, with another positive rating update this time from AltaCorp Captial. Analyst Thomas Matthews remains bullish on the stock and has a C$6.50 price target.
According to TipRanks.com, Matthews is a 2-star analyst with an average return of 0.1% and a 38.0% success rate. Matthews covers the Basic Materials sector, focusing on stocks such as Crescent Point Energy, Bellatrix Exploration, and Obsidian Energy Ltd.
Currently, the analyst consensus on TORC Oil & Gas is a Strong Buy with an average price target of C$8.53, which is a 78.8% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$6 price target.
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TORC Oil & Gas’ market cap is currently C$1.03B and has a P/E ratio of 26.8. 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 Tuesday at C$4.77.
