Shares of Triangle Petroleum Corporation (TPLM) Rally 5.11%

Triangle Petroleum Corporation (TPLM) has been under a strong bear grip, hence the stock is down -41.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.56% in the past 1 week. The stock has risen by 5.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -39.31% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 23.8% and the 50-Day Moving Average is 24.84%.

Triangle Petroleum Corporation (NYSEMKT:TPLM): The stock opened at $0.24 on Friday but the bulls could not build on the opening and the stock topped out at $0.25 for the day. The stock traded down to $0.23 during the day, due to lack of any buying support eventually closed down at $0.23 with a loss of -2.72% for the day. The stock had closed at $0.24 on the previous day. The total traded volume was 1,235,477 shares.


The company Insiders own 3.53% of Triangle Petroleum Corporation shares according to the proxy statements. Institutional Investors own 59.9% of Triangle Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.56%. In a related news, Samuels Jonathan Ryan, director officer (President and CEO) of Triangle Petroleum Corp, unloaded 34,455 shares at an average price of $0.44 on February 4, 2016. The total amount of the transaction was worth $15,160, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.