Insider Selling: Peter J. Hill Unloads 10,000 Shares of Triangle Petroleum Stock (TPLM)
Triangle Petroleum (NASDAQ:TPLM) Director Peter J. Hill sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $10.04, for a total transaction of $100,400.00. Following the sale, the director now directly owns 344,684 shares of the company’s stock, valued at approximately $3,460,627. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Triangle Petroleum (NASDAQ:TPLM) traded down 2.49% on Tuesday, hitting $9.81. The stock had a trading volume of 1,674,069 shares. Triangle Petroleum has a 52 week low of $5.60 and a 52 week high of $11.66. The stock’s 50-day moving average is $9.64 and its 200-day moving average is $8.94. The company has a market cap of $843.1 million and a P/E ratio of 11.07.
Triangle Petroleum (NASDAQ:TPLM) last announced its earnings results on Monday, April 14th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.02. During the same quarter in the previous year, the company posted ($0.20) earnings per share. Analysts expect that Triangle Petroleum will post $0.69 EPS for the current fiscal year.
A number of research firms have recently commented on TPLM. Analysts at Global Hunter Securities downgraded shares of Triangle Petroleum from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $10.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Triangle Petroleum from a “hold” rating to a “buy” rating in a research note on Monday, April 21st. Finally, analysts at KLR Group downgraded shares of Triangle Petroleum from a “buy” rating to an “accumulate” rating in a research note on Monday, April 21st. They now have a $12.00 price target on the stock, down previously from $13.00. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Triangle Petroleum has an average rating of “Buy” and a consensus target price of $12.08.
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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