Past performance of a security may or may not be sustained in future and is no indication of future performance. Investments in securities are subject to market and other risks. It is a projection/opinion and not a statement of fact. The Quantitative Fair Value Estimate is calculated daily.
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The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. (NASDAQ: TRCH), based in Plano, Texas, is an oil and gas Exploration and Production (E&P) company with a primary focus on. As of November 14, 2017, Torchlight Energy Resources Inc. Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. was listed on the Nasdaq under the stock symbol TRCH. For detail information about the Morningstar Star Rating for Stocks, please visit here If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. A 5-star represents a belief that the stock is a good value at its current price a 1-star stock isn't. This process culminates in a single-point star rating that is updated daily. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price.
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Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. It is projection/opinion and not a statement of fact. The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development. Whereas Torchlight Energy Resources was an oil and gas exploration company operating out of Texas, Meta Materials develops functional materials and nanocomposites.