Trio Petroleum (TPET) Stock Price, News & Analysis

Company Overview

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California. Trio Petroleum Corp. was incorporated in 2021 and is headquartered in Bakersfield, California.

Key Stats

• Today's Range: $0.13 to $0.14
• 50-Day Range: N/A
• 52-Week Range: $0.08 to $0.74
• Volume: 1.42 million shs
• Average Volume: 9.56 million shs
• Market Capitalization: $7.11 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Trio Petroleum Stock Analysis - MarketRank™

Trio Petroleum scored higher than 9% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Trio Petroleum.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Trio Petroleum is -0.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Trio Petroleum is -0.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Trio Petroleum has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.38% of the float of Trio Petroleum has been sold short.

Short Interest Ratio / Days to Cover

Trio Petroleum has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Trio Petroleum has recently increased by 299.27%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Trio Petroleum does not currently pay a dividend.

Dividend Growth

Trio Petroleum does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.38% of the float of Trio Petroleum has been sold short.

Short Interest Ratio / Days to Cover

Trio Petroleum has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Trio Petroleum has recently increased by 299.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: -0.50

News Sentiment

Trio Petroleum has a news sentiment score of -0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Trio Petroleum this week, compared to 0 articles on an average week.

Search Interest

1 people have searched for TPET on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Trio Petroleum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,750.00 in company stock.

Percentage Held by Insiders

14.71% of the stock of Trio Petroleum is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 0.34% of the stock of Trio Petroleum is held by institutions.

TPET Stock Analysis - Frequently Asked Questions

How have TPET shares performed this year?

Trio Petroleum's stock was trading at $0.3241 on January 1st, 2024. Since then, TPET shares have decreased by 56.6% and is now trading at $0.1406.
View the best growth stocks for 2024 here.

How were Trio Petroleum's earnings last quarter?

Trio Petroleum Corp. (NYSEAMERICAN:TPET) announced its quarterly earnings results on Thursday, September, 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.06 million for the quarter.

How do I buy shares of Trio Petroleum?

Shares of TPET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Trio Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Trio Petroleum investors own include Annaly Capital Management (NLY), Realty Income (O), Oxford Square Capital (OXSQ), Aberdeen Total Dynamic Dividend Fund (AOD), Abrdn Global Infrastructure Income Fund (ASGI), Medical Properties Trust (MPW) and NVIDIA (NVDA).

Company Calendar

• Last Earnings: 9/12/2024
• Today: 10/25/2024
• Fiscal Year End: 10/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSEAMERICAN:TPET
• CUSIP: N/A
• CIK: N/A
• Web: trio-petroleum.com
• Phone: 661-324-1122
• Fax: N/A
• Employees: 7
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-6,540,000.00
• Net Margins: N/A
• Pretax Margin: -6,798.53%
• Return on Equity: -101.09%
• Return on Assets: -79.55%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.17
• Quick Ratio: 0.17

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.33 per share
• Price / Book: 0.43

Miscellaneous

• Outstanding Shares: 50,580,000
• Free Float: 43,138,000
• Market Cap: $7.11 million
• Optionable: Not Optionable
• Beta: -8.74