NASDAQ:TRCH - Torchlight Energy Resources Stock Price, Forecast & News

Torchlight Energy Resources trades on the NASDAQ under the ticker symbol "TRCH."

Torchlight Energy Resources Inc (NASDAQ:TRCH) released its quarterly earnings data on Tuesday, November, 14th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter. The oil and gas company had revenue of $0.02 million for the quarter. Torchlight Energy Resources had a negative net margin of 528.13% and a negative return on equity of 28.59%. View Torchlight Energy Resources' Earnings History.

2 brokerages have issued twelve-month price targets for Torchlight Energy Resources' stock. Their forecasts range from $2.70 to $3.00. On average, they anticipate Torchlight Energy Resources' stock price to reach $2.85 in the next year. This suggests a possible upside of 335.1% from the stock's current price. View Analyst Price Targets for Torchlight Energy Resources.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Torchlight Energy Resources in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Torchlight Energy Resources.

Press coverage about TRCH stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Torchlight Energy Resources earned a daily sentiment score of 2.6 on InfoTrie's scale. They also assigned news stories about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Torchlight Energy Resources.

Torchlight Energy Resources saw a increase in short interest in December. As of December 13th, there was short interest totalling 4,160,000 shares, an increase of 16.2% from the November 28th total of 3,580,000 shares. Based on an average trading volume of 120,700 shares, the short-interest ratio is currently 34.5 days. Approximately 7.7% of the shares of the company are sold short. View Torchlight Energy Resources' Current Options Chain.

Some companies that are related to Torchlight Energy Resources include Panhandle Oil and Gas (PHX), VAALCO Energy (EGY), SandRidge Energy (SD), SilverBow Resources (SBOW), TransGlobe Energy (TGA), Painted Pony Energy (PDPYF), Epsilon Energy (EPSN), VOC Energy Trust (VOC), PermRock Royalty Trust (PRT), MV Oil Trust (MVO), Permianville Royalty Trust (PVL), Chaparral Energy (CHAP), Obsidian Energy (OBE), Rosehill Resources (ROSE) and Abraxas Petroleum (AXAS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Torchlight Energy Resources investors own include Laredo Petroleum (LPI), Teekay Tankers (TNK), NXP Semiconductors (NXPI), Zynerba Pharmaceuticals (ZYNE), Advanced Micro Devices (AMD), Royal Gold (RGLD), Willamette Valley Vineyards (WVVI), Rite Aid (RAD), BreitBurn Energy Partners (BBEPQ) and Cara Therapeutics (CARA).

Shares of TRCH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TRCH stock can currently be purchased for approximately $0.66.

Torchlight Energy Resources has a market capitalization of $48.84 million and generates $1.28 million in revenue each year. Torchlight Energy Resources employs 2 workers across the globe.View Additional Information About Torchlight Energy Resources.

The official website for Torchlight Energy Resources is http://www.torchlightenergy.com/.

Torchlight Energy Resources' mailing address is 5700 W. Plano Parkway Suite 3600, Plano TX, 75093. The oil and gas company can be reached via phone at 214-432-8002 or via email at [email protected]