TORC Oil and Gas (TSE:TOG) Shares Pass Below Two Hundred Day Moving Average of $4.19

TORC Oil and Gas Ltd (TSE:TOG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.19 and traded as low as $3.73. TORC Oil and Gas shares last traded at $3.76, with a volume of 413,505 shares changing hands.

TOG has been the subject of a number of research analyst reports. Canaccord Genuity cut their price target on shares of TORC Oil and Gas from C$8.00 to C$7.50 in a report on Tuesday, July 9th. Royal Bank of Canada cut their price target on shares of TORC Oil and Gas from C$8.00 to C$6.75 in a report on Thursday, July 18th. National Bank Financial cut their price target on shares of TORC Oil and Gas from C$7.50 to C$6.50 and set an “outperform” rating for the company in a report on Tuesday, June 25th. CIBC cut their price target on shares of TORC Oil and Gas from C$7.00 to C$5.50 in a report on Thursday, July 18th. Finally, GMP Securities cut their price target on shares of TORC Oil and Gas from C$7.75 to C$6.75 in a report on Friday, June 28th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$7.40.

The company has a market cap of $840.62 million and a price-to-earnings ratio of 50.27. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 20.47. The business has a fifty day moving average price of C$3.59 and a two-hundred day moving average price of C$4.19.

TORC Oil and Gas (TSE:TOG) last issued its earnings results on Wednesday, July 31st. The company reported C$0.05 earnings per share for the quarter. The business had revenue of C$152.91 million during the quarter. On average, analysts anticipate that TORC Oil and Gas Ltd will post 0.1 EPS for the current year.

TORC Oil and Gas Company Profile (TSE:TOG)

TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. The company's principal properties are located in the southeast Saskatchewan area. TORC Oil & Gas Ltd. was founded in 2010 and is headquartered in Calgary, Canada.

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