Shares of Torch Energy Royalty (NYSE:TRU) have taken a tremendous swing upward. The stock is trading at $2.69 as of 3:59 p.m. ET, 22.8% above Wednesday's closing price of $2.19. Volume is at 115,238, 2.1 times the daily average of 55,800.
NEW YORK ( TheStreet) -- Shares of Torch Energy Royalty (NYSE: TRU) have taken a tremendous swing upward. The stock is trading at $2.69 as of 3:59 p.m. ET, 22.8% above Wednesday's closing price of $2.19. Volume is at 115,238, 2.1 times the daily average of 55,800. Torch Energy Royalty has a market cap of $17.7 million and is part of the basic materials sector and energy industry. Shares are up 4.3% year to date as of the close of trading on Wednesday. Torch Energy Royalty Trust, a grantor trust, holds net profits interests, to receive payments from the working interest owners. Its working interest owners include Torch Royalty Company, Torch E&P Company, Samson Lone Star Limited Partnership, and Constellation Energy Partners LLC. The company has a P/E ratio of 7.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Torch Energy Royalty as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Torch Energy Royalty Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.