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

$0.65
+0.01 (+1.56 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$0.65
Now: $0.65
$0.70
50-Day Range
$0.57
MA: $0.64
$0.92
52-Week Range
$0.56
Now: $0.65
$1.96
Volume183,800 shs
Average Volume221,204 shs
Market Capitalization$50.60 million
P/E RatioN/A
Dividend YieldN/A
Beta1.83
Torchlight Energy Resources, Inc., through its subsidiaries, engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. As of December 31, 2018, it had interests in four oil and gas projects, including the Orogrande project in Hudspeth County, Texas; Hazel project in Sterling, Tom Green, and Irion Counties, Texas; Winkler project in Winkler County, Texas; and Hunton wells in partnership with Husky Ventures in central Oklahoma. The company was founded in 2010 and is headquartered in Plano, Texas.

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNASDAQ:TRCH
CUSIPN/A
Phone214-432-8002

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.28 million
Book Value$0.26 per share

Profitability

Net Income$-5,810,000.00
Net Margins-528.13%

Miscellaneous

Employees2
Market Cap$50.60 million
Next Earnings DateN/A
OptionableNot Optionable

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Torchlight Energy Resources (NASDAQ:TRCH) Frequently Asked Questions

What is Torchlight Energy Resources' stock symbol?

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

How were Torchlight Energy Resources' earnings last quarter?

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.

What price target have analysts set for TRCH?

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.

What is the consensus analysts' recommendation 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.

Has Torchlight Energy Resources been receiving favorable news coverage?

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.

Are investors shorting 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.

Who are some of Torchlight Energy Resources' key competitors?

What other stocks do shareholders of Torchlight Energy Resources own?

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).

Who are Torchlight Energy Resources' key executives?

Torchlight Energy Resources' management team includes the folowing people:
  • Mr. John A. Brda, Pres, CEO, Sec. & Director (Age 54)
  • Mr. Roger N. Wurtele, Chief Financial Officer (Age 73)
  • Mr. Rich Masterson, Consulting Geologist

Who are Torchlight Energy Resources' major shareholders?

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.

Which major investors are selling Torchlight Energy Resources stock?

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.

Which major investors are buying Torchlight Energy Resources stock?

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.

How do I buy shares of 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.

What is Torchlight Energy Resources' stock price today?

One share of TRCH stock can currently be purchased for approximately $0.65.

How big of a company is Torchlight Energy Resources?

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.

What is Torchlight Energy Resources' official website?

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

How can I contact Torchlight Energy Resources?

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]


MarketBeat Community Rating for Torchlight Energy Resources (NASDAQ TRCH)

Community Ranking:  1.3 out of 5 (star)
Outperform Votes:  80 (Vote Outperform)
Underperform Votes:  238 (Vote Underperform)
Total Votes:  318
MarketBeat's community ratings are surveys of what our community members think about Torchlight Energy Resources and other stocks. Vote "Outperform" if you believe TRCH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRCH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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