Today’s Ownership Action: Torchlight Energy Resources Inc (NASDAQ:TRCH) Institutional Investors Sentiment Index Improved in 2016 Q2

November 21, 2016 - By Vivian Park   ·   0 Comments

Today's Ownership Action: Torchlight Energy Resources Inc (NASDAQ:TRCH) Institutional Investors Sentiment Index  Improved in  2016 Q2

Sentiment for Torchlight Energy Resources Inc (NASDAQ:TRCH)

Torchlight Energy Resources Inc (NASDAQ:TRCH) institutional sentiment increased to 4 in Q2 2016. Its up 2.60, from 1.4 in 2016Q1. The ratio increased, as 7 hedge funds increased or opened new stock positions, while 5 decreased and sold positions in Torchlight Energy Resources Inc. The hedge funds in our partner’s database now possess: 2.09 million shares, down from 2.40 million shares in 2016Q1. Also, the number of hedge funds holding Torchlight Energy Resources Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 1 Increased: 4 New Position: 3.

Torchlight Energy Resources, Inc. is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The company has a market cap of $101.71 million. The Firm focuses on drilling and working interest programs within the United States. It currently has negative earnings. The Firm has interests in approximately four gas and oil 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.

The stock increased 23.89% or $0.27 on November 18, hitting $1.4. Torchlight Energy Resources Inc (NASDAQ:TRCH) has risen 118.75% since April 19, 2016 and is uptrending. It has outperformed by 114.89% the S&P500.

According to Zacks Investment Research, “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.”

Amg National Trust Bank holds 0.07% of its portfolio in Torchlight Energy Resources Inc for 1.47 million shares. Perkins Capital Management Inc owns 55,000 shares or 0.03% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 7,915 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Advisors Llc, a Delaware-based fund reported 5,009 shares.#img1#

TRCH Company Profile

Torchlight Energy Resources, Inc. (Torchlight), incorporated on October 30, 2007, is engaged in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. The Firm focuses on drilling and working interest programs within the United States. The Firm has interests in approximately four gas and oil 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. The Firm also operates through two other subsidiaries, including Torchlight Energy Operating, LLC, a Texas limited liability company, and Hudspeth Oil Corporation, a Texas corporation.

More news for Torchlight Energy Resources Inc (NASDAQ:TRCH) were recently published by: Bizjournals.com, which released: “Torchlight Energy reports $2.2M loss in Q1; creditors could force bankruptcy” on May 15, 2015. Streetinsider.com‘s article titled: “Torchlight Energy Resources (TRCH) to Move Forward With Next Phase of Drilling …” and published on February 08, 2016 is yet another important article.

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By Vivian Park

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