By midmorning, shares had added 6.1% to $9.47.
The oiler recorded net income of 11 cents a share, in line with analysts' expectations, and unadjusted earnings of 15 cents a share, a penny less than Thomson Reuters' analyst averages.
Revenue of $85.51 million came in higher than estimates of $84.01 million.
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TheStreet Ratings team rates TRIANGLE PETROLEUM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRIANGLE PETROLEUM CORP (TPLM) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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 we feel that the company's cash flow from its operations has been weak overall."
- You can view the full analysis from the report here: TPLM Ratings Report