Short Term Price Target on Triangle Petroleum Corporation (TPLM)

Triangle Petroleum Corporation (NYSEMKT:TPLM) : Average target price received by Triangle Petroleum Corporation (NYSEMKT:TPLM) is $0.75 with an expected standard deviation of $0.35. The most aggressive target on the stock is $1, whereas the most downbeat target is $1. 2 financial analysts are currently covering the stock.

Triangle Petroleum Corporation has dropped 28.23% in the last five trading days, however, the shares have posted positive gains of 73.58% in the last 4 weeks. Triangle Petroleum Corporation has dropped 42.98% during the last 3-month period . Year-to-Date the stock performance stands at -62.71%. Also, Brokerage firm Johnson Rice downgrades its rating on Triangle Petroleum Corporation (NYSEMKT:TPLM). The shares have been rated Hold. Previously, the analysts had a Accumulate rating on the shares. The rating by the firm was issued on April 18, 2016.

Triangle Petroleum Corporation (NYSEMKT:TPLM) : 4 analysts are covering Triangle Petroleum Corporation (NYSEMKT:TPLM) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Triangle Petroleum Corporation (NYSEMKT:TPLM): The stock opened at $0.28 on Thursday but the bulls could not build on the opening and the stock topped out at $0.35 for the day. The stock traded down to $0.23 during the day, due to lack of any buying support eventually closed down at $0.29 with a loss of -23.24% for the day. The stock had closed at $0.37 on the previous day. The total traded volume was 9,416,315 shares.

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.

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