Today, an analyst has provided a rating update for TORC Oil & Gas (TOG). Analyst Shailender Randhawa from RBC Capital remains bullish on the stock and has a C$8 price target.
According to TipRanks.com, Randhawa is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.2% and a 36.5% success rate. Randhawa covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Freehold Royalties Ltd.
Currently, the analyst consensus on TORC Oil & Gas is a Strong Buy with an average price target of C$8.59, representing a 77.1% upside. In a report released today, 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 0.68.
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.
