Triangle Petroleum (TPLM) - FREE Research Report

Samuels Jonathan Ryan who is President and CEO at Triangle Petroleum sold 12,333 shares at $9.78 on Oct. 3, 2013. Following this transaction, the President and CEO owned 190,309 shares meaning that the stake was reduced by 6.09% with the 12,333 share transaction.

The shares most recently traded at $10.40, up $0.62, or 5.96% since the insider transaction. Historical insider transactions for Triangle Petroleum go as follows:

  • 4-Week # shares sold: 22,000
  • 12-Week # shares sold: 44,000
  • 24-Week # shares sold: 110,000

The average volume for Triangle Petroleum has been 1.1 million shares per day over the past 30 days. Triangle Petroleum has a market cap of $787.1 million and is part of the basic materials sector and energy industry. Shares are up 57.93% year to date as of the close of trading on Thursday.

Triangle Petroleum Corporation engages 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. Currently there are 6 analysts that rate Triangle Petroleum a buy, no analysts rate it a sell, and 1 rates it a hold.

Exclusive Offer: Get the latest Stock Analysis on TPLM - FREE

TheStreet Quant Ratings rates Triangle Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. Get the full Triangle Petroleum Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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