Triangle Petroleum Corp. (NASDAQ:TPLM) issued its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.11, AnalystRatings.NET reports. 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.
TPLM has been the subject of a number of recent research reports. Analysts at KLR Group initiated coverage on shares of Triangle Petroleum Corp. in a research note to investors on Friday, November 22nd. They set a “buy” rating on the stock. On the ratings front, analysts at Wunderlich raised their price target on shares of Triangle Petroleum Corp. from $12.00 to $15.00 in a research note to investors on Thursday, October 24th. Finally, analysts at Topeka Capital Markets downgraded shares of Triangle Petroleum Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Triangle Petroleum Corp. presently has a consensus rating of “Buy” and a consensus price target of $11.53.
Triangle Petroleum Corp. (NASDAQ:TPLM) opened at 10.67 on Tuesday. Triangle Petroleum Corp. has a 52-week low of $4.85 and a 52-week high of $11.66. The stock’s 50-day moving average is $10.53 and its 200-day moving average is $8.35. The company has a market cap of $887.7 million and a price-to-earnings ratio of 240.44.
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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