Triangle Petroleum Corporation (TPLM) Shares are Up 15.03%

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 14.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.96%, 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 15.03% in the last 1 week, and is up 15.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 17.14% and the 50-Day Moving Average is 4.41%. Triangle Petroleum Corporation (NYSEMKT:TPLM): stock turned positive on Friday. Though the stock opened at $0.2786, the bulls momentum made the stock top out at $0.2799 level for the day. The stock recorded a low of $0.263 and closed the trading day at $0.2687, in the green by 2.67%. The total traded volume for the day was 956,985. The stock had closed at $0.2617 in the previous days trading.


The company Insiders own 3.53% of Triangle Petroleum Corporation shares according to the proxy statements. Institutional Investors own 51.22% of Triangle Petroleum Corporation shares.

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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