Revenue Update on Triangle Petroleum Corporation(NYSEMKT:TPLM)

Triangle Petroleum Corporation(NYSEMKT:TPLM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Apr 14, 2016. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.32.

Triangle Petroleum Corporation (TPLM) shares turned negative on Mondays trading session with the shares closing down -0.0352 points or -7.49% at a volume of 22,08,421. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.46. The peak price level was also seen at $0.46 while the days lowest was $0.36. Finally the shares closed at $0.4349. The 52-week high of the shares is $6.06 while the 52-week low is $0.3. According to the latest information available, the market cap of the company is $33 M.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2016, Jonathan Ryan Samuels (President and CEO) sold 34,455 shares at $0.44 per share price.Also, On Dec 14, 2015, Douglas J Griggs (Chief Accounting Officer) purchased 20,000 shares at $0.60 per share price.On Dec 14, 2015, Randal J. Matkaluk (director) purchased 100,000 shares at $0.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Triangle Petroleum Corporation is an energy holding company. The Company has three principal lines of business: oil and natural gas exploration development and production; oilfield services and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Company’s two principal wholly owned subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA) conducts its exploration and production operations by acquiring and developing unconventional shale oil and natural gas resources. RockPile Energy Services LLC (RockPile) is a provider of hydraulic pressure pumping and complementary services. Caliber Midstream Partners L.P. (Caliber) is its 28.3%-owned joint venture with First Reserve Energy Infrastructure Fund (FREIF). Caliber provides crude oil natural gas and fresh and produced water gathering processing and transportation services.

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