Triangle Petroleum Corp. CEO Jonathan Ryan Samuels Sells 12,333 Shares (TPLM)
Triangle Petroleum Corp. (NASDAQ:TPLM) CEO Jonathan Ryan Samuels unloaded 12,333 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $9.78, for a total transaction of $120,616.74. Following the completion of the sale, the chief executive officer now directly owns 190,309 shares of the company’s stock, valued at approximately $1,861,222. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Triangle Petroleum Corp. (NASDAQ:TPLM) traded up 2.98% during mid-day trading on Friday, hitting $10.70. The stock had a trading volume of 1,268,456 shares. Triangle Petroleum Corp. has a 52-week low of $4.85 and a 52-week high of $10.78. The stock’s 50-day moving average is $8.32 and its 200-day moving average is $6.89. The company has a market cap of $890.2 million and a P/E ratio of 230.89.
Triangle Petroleum Corp. (NASDAQ:TPLM) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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.
A number of research firms have recently commented on TPLM. 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $10.05.
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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