TSX:TOG

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TORC Oil & Gas

Executive Summary

TORC Oil & Gas Ltd. engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. More Details


Snowflake Analysis

Fair value with imperfect balance sheet.

Share Price & News

How has TORC Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TOG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.4%

TOG

-2.4%

CA Oil and Gas

-1.2%

CA Market


1 Year Return

-56.6%

TOG

-34.0%

CA Oil and Gas

-4.5%

CA Market

Return vs Industry: TOG underperformed the Canadian Oil and Gas industry which returned -33.2% over the past year.

Return vs Market: TOG underperformed the Canadian Market which returned -3.8% over the past year.


Shareholder returns

TOGIndustryMarket
7 Day5.4%-2.4%-1.2%
30 Day0%-6.1%-0.03%
90 Day-14.4%-12.9%0.9%
1 Year-54.5%-56.6%-30.4%-34.0%-1.0%-4.5%
3 Year-69.2%-73.5%-35.3%-43.3%6.4%-4.0%
5 Year-68.6%-75.3%-29.3%-41.7%34.5%13.8%

Price Volatility Vs. Market

How volatile is TORC Oil & Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TORC Oil & Gas undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TOG (CA$1.55) is trading below our estimate of fair value (CA$3.61)

Significantly Below Fair Value: TOG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TOG is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.

PE vs Market: TOG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TOG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TOG is good value based on its PB Ratio (0.7x) compared to the CA Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is TORC Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

7.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TOG's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if TOG's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TOG's revenue (7.4% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: TOG's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOG is forecast to be unprofitable in 3 years.


Next Steps

  • Explore growth companies in the Energy industry.

Past Performance

How has TORC Oil & Gas performed over the past 5 years?

-43.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOG is currently unprofitable.

Growing Profit Margin: TOG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TOG is unprofitable, and losses have increased over the past 5 years at a rate of 43.5% per year.

Accelerating Growth: Unable to compare TOG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TOG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.9%).


Return on Equity

High ROE: TOG has a negative Return on Equity (-195.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is TORC Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: TOG's short term assets (CA$32.9M) do not cover its short term liabilities (CA$139.6M).

Long Term Liabilities: TOG's short term assets (CA$32.9M) do not cover its long term liabilities (CA$583.2M).


Debt to Equity History and Analysis

Debt Level: TOG's debt to equity ratio (73.5%) is considered high.

Reducing Debt: TOG's debt to equity ratio has increased from 15.6% to 73.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TOG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TOG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 55.1% per year.


Next Steps

Dividend

What is TORC Oil & Gas's current dividend yield, its reliability and sustainability?

1.51%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TOG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TOG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TOG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TOG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TOG is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TOG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average board tenure


CEO

Brett Herman (52 yo)

no data

Tenure

CA$2,377,644

Compensation

Mr. Brett Herman, CA, serves as the President and Chief Executive Officer of TORC Oil & Gas Ltd. Mr. Herman serves as the Chief Executive Officer and President of PetroPembina Exploration Ltd. Mr. Herman s ...


CEO Compensation Analysis

Compensation vs Market: Brett's total compensation ($USD1.81M) is above average for companies of similar size in the Canadian market ($USD621.50K).

Compensation vs Earnings: Brett's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Brett Herman
Presidentno dataCA$2.38m0.99%
CA$ 3.4m
John Brussa
Independent Director7.92yrsCA$179.41k0.19%
CA$ 662.2k
R. Lawrence
Independent Director7.08yrsCA$174.41kno data
Mary-Jo Case
Independent Director2.75yrsCA$174.41k0.018%
CA$ 62.2k
M. Chernoff
Independent Director7.92yrsCA$174.41k0.23%
CA$ 793.6k
Dale Shwed
Independent Director7.92yrsCA$179.41k0.096%
CA$ 330.7k
David Johnson
Independent Chairman6.92yrsCA$184.41k0.13%
CA$ 442.3k
Catharine de Lacy
Independent Director0.83yrno data0.010%
CA$ 36.1k
John Gordon
Independent Director1.92yrsCA$180.03k0.023%
CA$ 79.5k

7.1yrs

Average Tenure

61yo

Average Age

Experienced Board: TOG's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TORC Oil & Gas Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TORC Oil & Gas Ltd.
  • Ticker: TOG
  • Exchange: TSX
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$344.994m
  • Shares outstanding: 222.58m
  • Website: https://www.torcoil.com

Number of Employees


Location

  • TORC Oil & Gas Ltd.
  • Eighth Avenue Place
  • Suite 1800
  • Calgary
  • Alberta
  • T2P 1G1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FVENDB (Deutsche Boerse AG)YesClass A Voting Common SharesDEEURNov 2012
VREY.FOTCPK (Pink Sheets LLC)YesClass A Voting Common SharesUSUSDNov 2012
TOGTSX (The Toronto Stock Exchange)YesClass A Voting Common SharesCACADNov 2012

Biography

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 Saskatc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:51
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.