Share on StockTwits

Research analysts at Howard Weil upped their target price on shares of Triangle Petroleum (NASDAQ:TPLM) from $11.00 to $15.00 in a report released on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target indicates a potential upside of 29.20% from the stock’s previous close.

Triangle Petroleum (NASDAQ:TPLM) traded up 1.38% on Thursday, hitting $11.77. The stock had a trading volume of 1,465,046 shares. Triangle Petroleum has a 52 week low of $6.37 and a 52 week high of $11.75. The stock’s 50-day moving average is $10.08 and its 200-day moving average is $8.96. The company has a market cap of $1.014 billion and a P/E ratio of 12.96.

Triangle Petroleum (NASDAQ:TPLM) last released its earnings data on Monday, June 9th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.03. The company had revenue of $99.80 million for the quarter, compared to the consensus estimate of $95.86 million. During the same quarter last year, the company posted $0.10 earnings per share. Triangle Petroleum’s revenue was up 191.0% compared to the same quarter last year. Analysts expect that Triangle Petroleum will post $0.66 EPS for the current fiscal year.

A number of other firms have also recently commented on TPLM. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Triangle Petroleum in a research note on Wednesday, June 11th. They now have a $13.00 price target on the stock, up previously from $12.00. Separately, analysts at Wunderlich raised their price target on shares of Triangle Petroleum from $12.00 to $14.00 in a research note on Wednesday, June 11th. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities downgraded shares of Triangle Petroleum from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $10.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $12.52.

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.

Receive News & Ratings for Triangle Petroleum Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triangle Petroleum Co and related companies with Analyst Ratings Network's FREE daily email newsletter.