Triangle Petroleum Corporation (TPLM) Shares are Up 1.6%

Triangle Petroleum Corporation (TPLM) : Traders are bullish on Triangle Petroleum Corporation (TPLM) as it has outperformed the S&P 500 by a wide margin of 21.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.63%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.6% in the last 1 week, and is up 21.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Triangle Petroleum Corporation is up 1.34% in the last 3-month period. Year-to-Date the stock performance stands at -64.55%. The stock has recorded a 20-day Moving Average of 13.13% and the 50-Day Moving Average is 4.55%.


Triangle Petroleum Corporation (NYSEMKT:TPLM): The stock opened at $0.30 on Friday but the bulls could not build on the opening and the stock topped out at $0.30 for the day. The stock traded down to $0.27 during the day, due to lack of any buying support eventually closed down at $0.27 with a loss of -5.80% for the day. The stock had closed at $0.29 on the previous day. The total traded volume was 1,393,005 shares.

Also, In the latest statement by the brokerage house, Johnson Rice downgrades its outlook on Triangle Petroleum Corporation (NYSEMKT:TPLM). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Accumulate. The rating by the firm was issued on April 18, 2016.

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.

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