Triangle Petroleum Corp. (NASDAQ:TPLM) Director Peter Hill unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.22, for a total value of $82,200.00. Following the completion of the sale, the director now directly owns 264,063 shares in the company, valued at approximately $2,170,598. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Triangle Petroleum Corp. (NASDAQ:TPLM) traded up 1.13% on Tuesday, hitting $8.09. The stock had a trading volume of 310,629 shares. Triangle Petroleum Corp. has a 1-year low of $4.85 and a 1-year high of $11.66. The stock’s 50-day moving average is $9.63 and its 200-day moving average is $8.78. The company has a market cap of $692.7 million and a P/E ratio of 23.26.
Triangle Petroleum Corp. (NASDAQ:TPLM) last released its earnings data on Tuesday, December 10th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.11. The company had revenue of $88.55 million for the quarter, compared to the consensus estimate of $75.14 million. Triangle Petroleum Corp.’s revenue was up 315.7% compared to the same quarter last year. On average, analysts predict that Triangle Petroleum Corp. will post $0.66 earnings per share for the current fiscal year.
A number of research firms have recently commented on TPLM. Analysts at Imperial Capital cut their price target on shares of Triangle Petroleum Corp. from $9.50 to $9.00 in a research note to investors on Friday. They now have an “in-line” rating on the stock. Separately, analysts at Wells Fargo & Co. raised their price target on shares of Triangle Petroleum Corp. to $14.00 in a research note to investors on Wednesday, December 11th. Finally, analysts at Northland Capital Partners raised their price target on shares of Triangle Petroleum Corp. from $10.50 to $14.00 in a research note to investors on Wednesday, December 11th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $12.09.
Triangle Petroleum Corporation (NASDAQ:TPLM) is an exploration and production company ,which is focused on the development of unconventional shale oil and natural gas resources in the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana.
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