Media headlines about Torchlight Energy Resources (NASDAQ:TRCH) have been trending positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Torchlight Energy Resources earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.9692218424341 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Torchlight Energy Resources (NASDAQ TRCH) opened at $1.29 on Monday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70. The stock has a market cap of $80.28, a price-to-earnings ratio of -21.50 and a beta of 0.75. Torchlight Energy Resources has a 1 year low of $0.95 and a 1 year high of $1.96.
Torchlight Energy Resources (NASDAQ:TRCH) last issued its quarterly earnings data on Tuesday, November 14th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million for the quarter. Torchlight Energy Resources had a negative net margin of 5,617.57% and a negative return on equity of 43.83%.
Torchlight Energy Resources, Inc (Torchlight) is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company focuses on drilling and working interest programs within the United States. The Company has interests in approximately four oil and gas projects: the Marcelina Creek Field Development in Wilson County, Texas; the Ring Energy Joint Venture in Southwest Kansas; Hunton wells in partnership with Husky Ventures in Central Oklahoma, and the Orogrande Project in Hudspeth County, Texas.
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