Triangle Petroleum Corporation (NYSEMKT:TPLM) has climbed 1.48% in the past week and advanced 42.21% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.7% and the outperformance has advanced to 40.91% for the last 4 weeks period.
Triangle Petroleum Corporation (NYSEMKT:TPLM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.39 and $0.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.38, notching a gain of 4.99% for the day. The total traded volume was 3,883,347 . The stock had closed at $0.36 on the previous day.
The company shares have dropped -92.73% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $5.42 and the one year low was seen on Jun 1, 2016. The 50-Day Moving Average price is $0.33 and the 200 Day Moving Average price is recorded at $0.52.
On the companys insider trading activities, The director officer (President and CEO), of Triangle Petroleum Corp, Samuels Jonathan Ryan had unloaded 34,455 shares at $0.44 per share in a transaction on February 4, 2016. The total value of transaction was $15,160. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Johnson Rice downgrades its outlook on Triangle Petroleum Corporation (NYSEMKT:TPLM). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Accumulate. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 3.53% of Triangle Petroleum Corporation shares according to the proxy statements. Institutional Investors own 59.98% of Triangle Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.56%.
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 Companys 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.