Insider Selling: Peter Hill Sells 10,000 Shares of Triangle Petroleum Corp. Stock (TPLM)
Triangle Petroleum Corp. (NASDAQ:TPLM) Director Peter Hill sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.22, for a total value of $82,200.00. Following the sale, the director now directly owns 264,063 shares of the company’s stock, valued at approximately $2,170,598. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Triangle Petroleum Corp. (NASDAQ:TPLM) traded down 1.72% during mid-day trading on Monday, hitting $8.00. The stock had a trading volume of 1,839,109 shares. Triangle Petroleum Corp. has a 1-year low of $4.85 and a 1-year high of $11.66. The stock has a 50-day moving average of $9.72 and a 200-day moving average of $8.75. The company has a market cap of $685.0 million and a price-to-earnings ratio of 23.66.
Triangle Petroleum Corp. (NASDAQ:TPLM) last issued its quarterly 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 $0.73 earnings per share for the current fiscal year.
TPLM has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price 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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