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Trade-Ideas LLC identified
) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Triangle Petroleum as such a stock due to the following factors:
- TPLM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.2 million.
- TPLM has traded 90,320 shares today.
- TPLM is down 13.8% today.
- TPLM was up 48.8% yesterday.
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More details on TPLM:
Triangle Petroleum Corporation is engaged in the acquisition, exploration, development, and production 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. TPLM has a PE ratio of 3.1. Currently there are 6 analysts that rate Triangle Petroleum a buy, 1 analyst rates it a sell, and none rate it a hold.
The average volume for Triangle Petroleum has been 2.3 million shares per day over the past 30 days. Triangle has a market cap of $310.5 million and is part of the basic materials sector and energy industry. The stock has a beta of 1.93 and a short float of 19.5% with 2.76 days to cover. Shares are down 56.7% year-to-date as of the close of trading on Monday.
rates Triangle Petroleum as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk.
Highlights from the ratings report include:
- TPLM's very impressive revenue growth greatly exceeded the industry average of 6.3%. Since the same quarter one year prior, revenues leaped by 181.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 114.0% when compared to the same quarter one year prior, rising from $6.80 million to $14.55 million.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market on the basis of return on equity, TRIANGLE PETROLEUM CORP has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
- The debt-to-equity ratio of 1.14 is relatively high when compared with the industry average, suggesting a need for better debt level management. Even though the debt-to-equity ratio is weak, TPLM's quick ratio is somewhat strong at 1.35, demonstrating the ability to handle short-term liquidity needs.
- Net operating cash flow has declined marginally to $22.00 million or 4.95% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, TRIANGLE PETROLEUM CORP has marginally lower results.
- You can view the full Triangle Petroleum Ratings Report.