Are investors shorting Trio Petroleum?

Trio Petroleum saw a decrease in short interest in March. As of March 31st, there was short interest totaling 118,900 shares, a decrease of 73.7% from the March 15th total of 452,800 shares. Based on an average daily trading volume, of 7,190,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.5% of the shares of the stock are sold short. View Trio Petroleum's Short Interest .

How were Trio Petroleum's earnings last quarter?

Trio Petroleum Corp. (NYSEAMERICAN:TPET) issued its quarterly earnings results on Monday, March, 18th. The company reported ($0.05) EPS for the quarter.

How do I buy shares of Trio Petroleum?

Shares of TPET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEAMERICAN:TPET

Trio Petroleum (TPET) Stock Price, News & Analysis

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$0.39

+0.06 (+18.21%)

(As of 04/19/2024 ET)

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Today's Range: $0.35
▼
$0.44
50-Day Range: N/A
52-Week Range: $0.08
▼
$2.44

Volume: 50.73 million shs
Average Volume: 16.87 million shs
Market Capitalization: $14.38 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Stock Analysis Chart Earnings Headlines Ownership Short Interest

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Trio Petroleum MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.42
Based on 7 Articles This Week
Insider Trading: Selling Shares
$94,960 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.56 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Trio Petroleum.

5.0

Short Interest

Percentage of Shares Shorted
0.53% of the float of Trio Petroleum has been sold short.
Short Interest Ratio / Days to Cover
Trio Petroleum has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Trio Petroleum has recently decreased by 73.74%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Trio Petroleum does not currently pay a dividend.
Dividend Growth
Trio Petroleum does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TPET.

3.0

News and Social Media Coverage

News Sentiment
Trio Petroleum has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Trio Petroleum this week, compared to 1 article on an average week.
Search Interest
26 people have searched for TPET on MarketBeat in the last 30 days. This is an increase of 2,500% compared to the previous 30 days.
MarketBeat Follows
16 people have added Trio Petroleum to their MarketBeat watchlist in the last 30 days. This is an increase of 1,500% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Trio Petroleum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $94,960.00 in company stock.
Percentage Held by Institutions
Only 0.34% of the stock of Trio Petroleum is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Trio Petroleum is -1.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Trio Petroleum is -1.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Trio Petroleum has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Trio Petroleum Stock (NYSEAMERICAN:TPET)

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.75% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. It also owns 22% working interest in the McCool Ranch Oil Field located in Monterey County, California; 2% production interest in the Asphalt Ridge project comprises approximately 960 acres located in southwest of Vernal, Utah; and holds an option agreement to acquire 100% working interest in the Union Avenue Field located in Bakersfield, California. Trio Petroleum Corp. was incorporated in 2021 and is headquartered in Bakersfield, California.

TPET Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TPET Stock News Headlines

April 15, 2024 | marketbeat.com

5 Small-Cap Energy Stocks Surged in Price and Volume on Friday

WTI Crude Oil has continued its rise as tensions escalate in the Middle East due to ongoing developments and significant uncertainties. Year-to-date, Crude Oil futures have risen over 20%, climbing from almost $70 to just over $85 at Friday's close.

April 15, 2024 | marketbeat.com

5 Small-Cap Energy Stocks Surged in Price and Volume on Friday (TPET)

As crude oil continues to surge, several small-cap energy stocks experienced significant price and volume surges on Friday.

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 18, 2024 | americanbankingnews.com

Trio Petroleum (NYSEAMERICAN:TPET) Stock Price Down 30.3%

April 17, 2024 | investorplace.com

Why Is Trio Petroleum (TPET) Stock Down 22% Today?

April 17, 2024 | investorplace.com

Why Is Trio Petroleum (TPET) Stock Down 22% Today?

April 15, 2024 | msn.com

TPET, MXC among major energy gainers; HNRA major loser

April 13, 2024 | investorplace.com

TPET Stock Earnings: Trio Petroleum Reported Results for Q1 2024

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 11, 2024 | finanznachrichten.de

Trio Petroleum Corp.: Company Provides Operational Update for Monterey County Oil Producing Assets

April 11, 2024 | globenewswire.com

Company Provides Operational Update for Monterey County Oil Producing Assets

April 9, 2024 | globenewswire.com

Company Retires $2.6 Million Convertible Note

March 19, 2024 | globenewswire.com

Trio Petroleum Corp Provides Update on Monterey County Operations

March 4, 2024 | globenewswire.com

Trio Petroleum Corp Provides Update on Monterey County Operations

March 1, 2024 | msn.com

Trio Petroleum announces noncompliance notice with NYSE American listing standards

March 1, 2024 | globenewswire.com

Trio Petroleum Announces Notice of Noncompliance with NYSE American Listing Standards

February 22, 2024 | benzinga.com

Trio Petroleum Stock (AMEX:TPET) Earnings Dates and Earning Calls

February 6, 2024 | msn.com

Trio Petroleum Strikes $3.5 Million Financing Agreement

February 6, 2024 | msn.com

Why Is Trio Petroleum (TPET) Stock Down 38% Today?

January 5, 2024 | msn.com

Trio Petroleum to buy 20% stake in Utah heavy oil project

January 5, 2024 | finance.yahoo.com

Trio Petroleum Corp Announces an Option to Acquire a 20% Interest in the Asphalt Ridge Development Project in Utah

January 3, 2024 | finance.yahoo.com

Trio Petroleum Corp Announces Commencement of Production of Two Wells - its HV-1 Confirmation Well and its HV-3A Discovery Well in the South Salinas Project

November 17, 2023 | morningstar.com

Trio Petroleum Corp TPET

October 23, 2023 | finance.yahoo.com

Trio Petroleum Corp Announces an Option to Acquire a 40 BCF Potential Natural Gas Prospect in the Sacramento Basin, California

October 19, 2023 | msn.com

Trio Petroleum to acquire stake in McCool Ranch oil field in US

October 18, 2023 | finanznachrichten.de

Trio Petroleum Corp.: Trio Petroleum Corp Announces Appointment of Michael L. Peterson as CEO

October 18, 2023 | msn.com

Trio Petroleum appoints Michael Peterson as its new CEO

See More Headlines

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Company Calendar

Last Earnings: 3/18/2024
Today: 4/19/2024
Fiscal Year End: 10/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSEAMERICAN:TPET
CUSIP: N/A
CIK: N/A
Web: trio-petroleum.com
Phone: 661-324-1122
Fax: N/A
Employees: 7
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($0.28)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-6,540,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -76.45%
Return on Assets: -65.80%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.25
Quick Ratio: 0.25

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.33 per share
Price / Book: 1.20

Miscellaneous

Outstanding Shares: 36,910,000
Free Float: N/A
Market Cap: $14.67 million
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Michael L. Peterson (Age 62)
CEO & Director
Comp: $435.37k
Mr. Gregory L. Overholtzer (Age 67)
Chief Financial Officer
Comp: $85k
Mr. Stan Eschner (Age 91)
Executive Chairman
Mr. Terence B. Eschner (Age 67)
President
Mr. Steven Rowlee (Age 71)
Chief Operating Officer

Key Competitors

View All Competitors

Insiders

TPET Stock Analysis - Frequently Asked Questions

Are investors shorting Trio Petroleum?: Trio Petroleum saw a decrease in short interest in March. As of March 31st, there was short interest totaling 118,900 shares, a decrease of 73.7% from the March 15th total of 452,800 shares. Based on an average daily trading volume, of 7,190,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.5% of the shares of the stock are sold short.
View Trio Petroleum's Short Interest.
How were Trio Petroleum's earnings last quarter?: Trio Petroleum Corp. (NYSEAMERICAN:TPET) issued its quarterly earnings results on Monday, March, 18th. The company reported ($0.05) EPS for the quarter.
How do I buy shares of Trio Petroleum?: Shares of TPET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:TPET) was last updated on 4/19/2024 by MarketBeat.com Staff

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