Is TORC OIL AND GAS LTD a Buy? The Stock Rises Again

 Is TORC OIL AND GAS LTD a Buy? The Stock Rises Again

The stock of TORC OIL AND GAS LTD (TSE:TOG) is a huge mover today! About 373,223 shares traded hands. TORC OIL AND GAS LTD (TSE:TOG) has declined 15.61% since April 26, 2016 and is downtrending. It has underperformed by 20.84% the S&P500.
The move comes after 8 months positive chart setup for the $1.31B company. It was reported on Nov, 30 by Barchart.com. We have $8.36 PT which if reached, will make TSE:TOG worth $65.50 million more.

TORC OIL AND GAS LTD (TSE:TOG) Ratings Coverage

Out of 6 analysts covering Torc Oil & Gas (TSE:TOG), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $12 is the highest target while $5.25 is the lowest. The $8.83 average target is 10.93% above today’s ($7.96) stock price. Torc Oil & Gas has been the topic of 18 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, November 9 by Scotia Capital. TD Securities maintained TORC OIL AND GAS LTD (TSE:TOG) rating on Friday, August 19. TD Securities has “Buy” rating and $10.50 price target. RBC Capital Markets maintained TORC OIL AND GAS LTD (TSE:TOG) rating on Tuesday, December 15. RBC Capital Markets has “Outperform” rating and $10 price target.

More news for TORC OIL AND GAS LTD (TSE:TOG) were recently published by: Business.Financialpost.com, which released: “TORC Oil & Gas Ltd leads Canadian energy stock rebound” on April 15, 2015. Marketwired.com‘s article titled: “TORC Oil & Gas Announces Strategic Acquisitions in Southeast Saskatchewan …” and published on July 25, 2016 is yet another important article.

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