Analyst Rating Update on Triangle Petroleum Corporation (TPLM)

Triangle Petroleum Corporation (NYSEMKT:TPLM) : 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Triangle Petroleum Corporation (NYSEMKT:TPLM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Triangle Petroleum Corporation (NYSEMKT:TPLM) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $1 and the lowest price target forecast is $1. The average forecast of all the analysts is $0.75 and the expected standard deviation is $0.35.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Johnson Rice downgrades its rating on Triangle Petroleum Corporation (NYSEMKT:TPLM). The shares have been rated Hold. Previously, the analysts had a Accumulate rating on the shares. The rating by the firm was issued on April 18, 2016.

Triangle Petroleum Corporation (NYSEMKT:TPLM): stock turned positive on Tuesday. Though the stock opened at $0.31, the bulls momentum made the stock top out at $0.38 level for the day. The stock recorded a low of $0.31 and closed the trading day at $0.3397, in the green by 8.63%. The total traded volume for the day was 2,220,745. The stock had closed at $0.3127 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Samuels Jonathan Ryan, director officer (President and CEO) of Triangle Petroleum Corp, had unloaded 34,455 shares at an average price of $0.44 in a transaction dated on February 4, 2016. The total value of the transaction was worth $15,160.

Triangle Petroleum Corporation is an energy holding company. The Company has three principal lines of business: oil and natural gas exploration, development, and production; oilfield services, and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Companys two principal wholly owned subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA) conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources. RockPile Energy Services, LLC (RockPile) is a provider of hydraulic pressure pumping and complementary services. Caliber Midstream Partners, L.P. (Caliber) is its 28.3%-owned joint venture with First Reserve Energy Infrastructure Fund (FREIF). Caliber provides crude oil, natural gas and fresh and produced water gathering, processing, and transportation services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.