Triangle Petroleum Corp. Receives New Coverage from Analysts at Robert W. Baird (TPLM)
Equities research analysts at Robert W. Baird began coverage on shares of Triangle Petroleum Corp. (NASDAQ:TPLM) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Triangle Petroleum Corp. (NASDAQ:TPLM) opened at 10.55 on Wednesday. Triangle Petroleum Corp. has a one year low of $4.85 and a one year high of $10.96. The stock has a 50-day moving average of $9.08 and a 200-day moving average of $7.07. The company has a market cap of $877.7 million and a price-to-earnings ratio of 234.44.
Triangle Petroleum Corp. (NASDAQ:TPLM) last posted its quarterly earnings results 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 $0.86 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Triangle Petroleum Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $11.70 price target on the stock. Separately, analysts at Simmons initiated coverage on shares of Triangle Petroleum Corp. in a research note to investors on Thursday, September 19th. They set an “overweight” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Triangle Petroleum Corp. 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.03.
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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