Triangle Petroleum Corp. Sets New 1-Year High at $10.13 (TPLM)
Triangle Petroleum Corp. (NASDAQ:TPLM) set a new 52-week high during trading on Tuesday, AnalystRatings.Net reports. The stock traded as high as $10.13 and last traded at $9.99, with a volume of 1,146,045 shares. The stock had previously closed at $9.82.
A number of analysts have recently weighed in on TPLM shares. Analysts at Simmons initiated coverage on shares of Triangle Petroleum Corp. (NASDAQ:TPLM) in a research note to investors on Thursday, September 19th. They set an “overweight” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Triangle Petroleum Corp. (NASDAQ:TPLM) from $7.00 to $9.50 in a research note to investors on Monday, September 16th. They now have an “in-line” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Triangle Petroleum Corp. (NASDAQ:TPLM) from $8.50 to $10.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $10.05.
Triangle Petroleum Corp. has a one year low of $4.85 and a one year high of $10.03. The stock’s 50-day moving average is $7.91 and its 200-day moving average is $6.79. The company has a market cap of $832.0 million and a price-to-earnings ratio of 218.22.
Triangle Petroleum Corp. (NASDAQ:TPLM) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $50.39 million for the quarter, compared to the consensus estimate of $47.01 million. On average, analysts predict that Triangle Petroleum Corp. will post $0.80 earnings per share for the current fiscal year.
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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