Today: Brokerages give average Rating of “Hold” to Toro Oil & Gas Ltd (TOO)

Today: Brokerages give average Rating of “Hold” to Toro Oil & Gas Ltd (TOO)

Shares of Toro Oil & Gas Ltd (NYSE:TOO) have been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.94.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Toro Oil & Gas from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Thursday, November 10th. RBC Capital Markets upgraded Toro Oil & Gas from a “sector perform” rating to an “outperform” rating and set a $8.00 target price for the company in a research note on Thursday, August 18th. Royal Bank Of Canada upgraded Toro Oil & Gas from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $5.00 to $8.00 in a research note on Thursday, August 18th. TheStreet downgraded Toro Oil & Gas from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. Finally, National Bank Financial decreased their target price on Toro Oil & Gas from C$0.30 to C$0.25 in a research note on Wednesday, August 3rd.

Shares of Toro Oil & Gas (NYSE:TOO) traded up 2.27% on Monday, reaching $5.41. The company had a trading volume of 715,451 shares. The firm’s market capitalization is $773.95 million. The company’s 50-day moving average is $5.90 and its 200 day moving average is $5.73. Toro Oil & Gas has a 12 month low of $2.30 and a 12 month high of $13.64.

Toro Oil & Gas (NYSE:TOO) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.18. The firm earned $286.30 million during the quarter, compared to the consensus estimate of $277.18 million. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts forecast that Toro Oil & Gas will post $0.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Friday, November 4th were issued a $0.11 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 8.32%.

Institutional investors have recently modified their holdings of the company. HBK Investments L P bought a new position in shares of Toro Oil & Gas during the first quarter worth about $169,000. Berson & Corrado Investment Advisors LLC boosted its position in shares of Toro Oil & Gas by 69.2% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 480,248 shares of the company’s stock worth $2,857,000 after buying an additional 196,394 shares during the last quarter. Ronna Sue Cohen boosted its position in shares of Toro Oil & Gas by 3.0% in the second quarter. Ronna Sue Cohen now owns 109,440 shares of the company’s stock worth $651,000 after buying an additional 3,231 shares during the last quarter. Trust Asset Management LLC boosted its position in shares of Toro Oil & Gas by 2.4% in the second quarter. Trust Asset Management LLC now owns 35,343 shares of the company’s stock worth $210,000 after buying an additional 827 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in shares of Toro Oil & Gas by 42.5% in the second quarter. Gilman Hill Asset Management LLC now owns 245,996 shares of the company’s stock worth $1,464,000 after buying an additional 73,316 shares during the last quarter.

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