RBC Capital Thinks TORC Oil & Gas’ Stock is Going to Recover


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. The Materials company, TORC Oil & Gas (TSX: TOG) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Davis is ranked #336 out of 5556 analysts.

Currently, the analyst consensus on TORC Oil & Gas is a Strong Buy with an average price target of C$6.25.

TORC Oil & Gas’ market cap is currently C$771.8M and has a P/E ratio of 46.37. The company has a Price to Book ratio of 0.51.

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 last Friday at C$3.46, close to its 52-week low of C$3.03.

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