Torchlight Energy Resources, Inc. (NASDAQ:TRCH) shows optimistic Trends
By Colin Frost - January 18, 201737
Torchlight Energy Resources, Inc. (NASDAQ:TRCH) traded with the volume of 1.46 Million in the previous trading session. The Stock opened its session at $0 and closed at $1.55 by showing increase of 15.67 percent. Torchlight Energy Resources, Inc. has 1 year price target of $7.44. The company reported its last quarter on .
The 1 analysts offering 12-month price forecasts for Torchlight Energy Resources Inc have a median target of 8.00, with a high estimate of 8.00 and a low estimate of 8.00. The median estimate represents a +416.13% increase from the last price of 1.55. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of Torchlight Energy Resources, Inc. where they believe that the company has the potential to earn average revenue of $26.5 Million for the current quarter. According to their predictions High & Low revenue estimates are 26.5 Million and 26.5 Million respectively.
Torchlight Energy Resources, Inc. (NASDAQ:TRCH) topped its 52-week high price of $1.75 on Aug 15, 2016 and 52-Week Low Price of $0.42 on Mar 3, 2016. The Stock currently has the market capitalization of $74.49 Million, P/E (price to earnings ttm) of 0 and Weekly volatility of 10.31% and monthly volatility of 8.20% respectively.
Torchlight Energy Resources, Inc. Gross Margin percentage stands at 6.8% while its Operating Margin for trailing twelve month is 0 percent and Profit margin (ttm) is 0 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 34.88% with the 50-Day Simple Moving Average of 34.88 percent. Currently, the company has SMA200 (200-day simple moving average) of 56.97 Percent. The Stock has YTD (year to date) performance of 31.36 percent.
The latest Insider trade was made on 3 Jan 2017 where Brda (John A) Chief Executive Officer did a transaction type “Buy” in which 41322 shares were traded at a price of $1.21. Another insider trade includes Director Shockey Eunis Lorance Jr who also initiated a transaction in which 271901 shares were traded on 16 Nov 2016 as “Buy”.
Company Profile:
Torchlight Energy Resources, Inc. is engaged in the acquisition, exploration and development of oil and natural gas properties primarily in the United States. The Company holds interests in two oil and gas projects: the Marcelina Creek Field Development and the Coulter Field. Torchlight Energy Resources Inc. is headquartered in Houston Texas.
