Triangle Petroleum (TPLM) Set to Announce Quarterly Earnings on Monday
Triangle Petroleum (NASDAQ:TPLM) will announce its Q414 earnings results on Monday, September 8th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $118.38 million for the quarter.
Shares of Triangle Petroleum (NASDAQ:TPLM) opened at 11.29 on Friday. Triangle Petroleum has a 52 week low of $6.96 and a 52 week high of $12.48. The stock’s 50-day moving average is $11.36 and its 200-day moving average is $10.06. The company has a market cap of $972.5 million and a price-to-earnings ratio of 13.20.
A number of research firms have recently commented on TPLM. Analysts at Howard Weil raised their price target on shares of Triangle Petroleum from $11.00 to $15.00 in a research note on Thursday, June 19th. They now have a “sector outperform” rating on the stock. On a related note, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $12.63.
In other Triangle Petroleum news, Director Peter J. Hill sold 10,000 shares of Triangle Petroleum stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $11.85, for a total value of $118,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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