TORC Oil & Gas Ltd. (TOG.TO) (TSE:TOG) Stock Passes Above 200-Day Moving Average of $2.25


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Shares of TORC Oil & Gas Ltd. (TOG.TO) (TSE:TOG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.25 and traded as high as C$3.31. TORC Oil & Gas Ltd. (TOG.TO) shares last traded at C$3.21, with a volume of 2,108,072 shares.

TOG has been the topic of several recent analyst reports. CIBC lifted their target price on TORC Oil & Gas Ltd. (TOG.TO) from C$3.42 to C$3.99 in a report on Wednesday, December 16th. Raymond James boosted their price target on TORC Oil & Gas Ltd. (TOG.TO) from C$2.00 to C$4.00 and gave the company an “outperform” rating in a report on Friday, January 15th. BMO Capital Markets boosted their price target on TORC Oil & Gas Ltd. (TOG.TO) from C$2.50 to C$3.15 in a report on Wednesday, December 9th. Royal Bank of Canada lowered TORC Oil & Gas Ltd. (TOG.TO) from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$2.25 to C$3.00 in a report on Monday, January 18th. Finally, National Bank Financial restated an “outperform” rating and issued a C$2.75 price target on shares of TORC Oil & Gas Ltd. (TOG.TO) in a report on Wednesday, December 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$3.16.

The firm has a market cap of C$714.59 million and a P/E ratio of -0.72. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 70.55. The firm has a fifty day moving average of C$2.97 and a 200-day moving average of C$2.25.

In other TORC Oil & Gas Ltd. (TOG.TO) news, Senior Officer Jason Zabinsky purchased 35,715 shares of the stock in a transaction on Monday, January 18th. The shares were purchased at an average price of C$2.84 per share, with a total value of C$101,394.89. Following the completion of the transaction, the insider now directly owns 1,051,569 shares in the company, valued at C$2,985,404.39. Also, Senior Officer Shane Manchester sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, January 29th. The stock was sold at an average price of C$2.50, for a total value of C$150,000.00. Following the transaction, the insider now directly owns 536,007 shares in the company, valued at approximately C$1,340,017.50.

TORC Oil & Gas Ltd. (TOG.TO) 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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