Torchlight Energy Resources, Inc. (NASDAQ:TRCH) went up to recover about 180.08% since recording its record low price of $0.53. The stock experienced 3.47% jump, arriving at $1.49 on 3/12/2019. During the day, the stock price traveled from $1.48 to $1.58. This company shares are 7.38% off its target price of $1.6 and the current market capitalization stands at $92.9M. The recent change has given its price a 34.56% lead over SMA 50 and -24.75% deficit over its 52-week high. The stock witnessed 46.08% gains, 129.23% gains and 36.7% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TRCH’s volatility during a week at 10.37% and during a month it has been found around 11.99%.

Torchlight Energy Resources, Inc. (TRCH) Top Holders

Institutional investors currently hold around $8 million or 7.9% in TRCH stock. Look at its top three institutional owners: Amg National Trust Bank owns $1.98 million in Torchlight Energy Resources, Inc., which represents roughly 2.13% of the company’s market cap and approximately 24.7% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,173,605 shares of the stock are valued at $1.69 million. The third largest holder is Raymond James Financial Services Advisors, Inc., which currently holds $1.12 million worth of this stock and that ownership represents nearly 1.2% of its market capitalization.

Torchlight Energy Resources, Inc. 13F Filings

At the end of December reporting period, 8 institutional holders increased their position in Torchlight Energy Resources, Inc. (NASDAQ:TRCH) by some 324,871 shares, 10 decreased positions by 824,188 and 13 held positions by 4,420,333. That puts total institutional holdings at 5,569,392 shares, according to SEC filings. The stock grabbed 4 new institutional investments totaling 45,924 shares while 4 institutional investors sold out their entire positions totaling 514,579 shares.

Torchlight Energy Resources, Inc. (TRCH) Analyst Guide

Several analysts have released their opinion on Torchlight Energy Resources, Inc. (NASDAQ:TRCH), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].