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

2 Wall Street analysts have issued 1 year price objectives for Torchlight Energy Resources' stock. Their forecasts range from $2.70 to $3.00. On average, they expect Torchlight Energy Resources' share price to reach $2.85 in the next twelve months. This suggests a possible upside of 338.5% 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.

Media headlines about TRCH stock have trended very negative on Saturday, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Torchlight Energy Resources earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave news articles about the oil and gas company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next few days. View News Stories for Torchlight Energy Resources.

Torchlight Energy Resources saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 4,320,000 shares, an increase of 11.6% from the January 30th total of 3,870,000 shares. Based on an average daily volume of 166,400 shares, the short-interest ratio is currently 26.0 days. Currently, 7.5% of the shares of the stock are sold short. View Torchlight Energy Resources' Current Options Chain.

Some companies that are related to Torchlight Energy Resources include Penn Virginia (PVAC), TETRA Technologies (TTI), Amplify Energy (AMPY), Whiting Petroleum (WLL), HighPoint Resources (HPR), Gulfport Energy (GPOR), VAALCO Energy (EGY), Montage Resources (MR), Panhandle Oil and Gas (PHX), Extraction Oil & Gas (XOG), Epsilon Energy (EPSN), TransGlobe Energy (TGA), SandRidge Energy (SD), VOC Energy Trust (VOC) and Permianville Royalty Trust (PVL).

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), Cara Therapeutics (CARA) and Novavax (NVAX).

Torchlight Energy Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include AMG National Trust Bank (1.70%) and Bank of New York Mellon Corp (0.96%). View Institutional Ownership Trends for Torchlight Energy Resources.

TRCH stock was sold by a variety of institutional investors in the last quarter, including AMG National Trust Bank. View Insider Buying and Selling for Torchlight Energy Resources.

TRCH stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp. View Insider Buying and Selling for Torchlight Energy Resources.

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 $0.65.

Torchlight Energy Resources has a market capitalization of $50.60 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]