One Factor Dragging Triangle Petroleum (TPLM) Lower Today

NEW YORK (TheStreet) -- Triangle Petroleum (TPLM) stock is slipping Tuesday after receiving a downgrade to "neutral" from "buy" from Global Hunter. The firm lowered its rating on the oil and gas company after it reached its net-asset-value valuation of $10 a share.

By midday, shares had dropped 3.3% to $9.73. 

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Separately, TheStreet Ratings team rates TRIANGLE PETROLEUM CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TRIANGLE PETROLEUM CORP (TPLM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • TPLM's very impressive revenue growth greatly exceeded the industry average of 3.0%. Since the same quarter one year prior, revenues leaped by 255.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 175.00% and other important driving factors, this stock has surged by 92.40% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, TPLM should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • 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 257.3% when compared to the same quarter one year prior, rising from -$9.06 million to $14.25 million.
  • Net operating cash flow has significantly increased by 499.49% to $69.85 million when compared to the same quarter last year. In addition, TRIANGLE PETROLEUM CORP has also vastly surpassed the industry average cash flow growth rate of 17.46%.
  • The gross profit margin for TRIANGLE PETROLEUM CORP is rather high; currently it is at 50.32%. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, TPLM's net profit margin of 16.66% compares favorably to the industry average.
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