Noble Financial analyst Michael Heim maintained a Buy rating on Torchlight Energy Resources (TRCH) yesterday and set a price target of $1.45. The company’s shares closed yesterday at $1.59, close to its 52-week high of $1.74.
Heim has an average return of 124.7% when recommending Torchlight Energy Resources.
According to TipRanks.com, Heim is ranked #4820 out of 5203 analysts.
Torchlight Energy Resources has an analyst consensus of Moderate Buy, with a price target consensus of $1.45.
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The company has a one-year high of $1.74 and a one-year low of $0.53. Currently, Torchlight Energy Resources has an average volume of 215K.
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Torchlight Energy Resources, Inc. engages in the acquisition, exploration, exploitation and development of oil and natural gas properties in the United States. It focuses on drilling and working interest programs. The company was founded on October 30, 2007 and is headquartered in Plano, TX.
