Analysts seem to be feeling optimistic about TORC Oil & Gas (TOG) lately, with several positive ratings in a row that it received in the past month alone. Today, analyst Ray Kwan gave a Buy rating to TOG and set a C$6 price target.
According to TipRanks.com, Kwan has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.1% and a 29.4% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Paramount Resources Ltd, and Freehold Royalties Ltd.
TORC Oil & Gas has an analyst consensus of Strong Buy, with a price target consensus of C$8.96.
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 0.68.
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$4.85.
