NEW YORK (TheStreet) -- Shares of Triangle Petroleum (TPLM) were gaining 8.6% to $6.26 Tuesday after the oil and gas company beat analysts' estimates for earnings and revenue in the fiscal fourth quarter of fiscal 2015.

Triangle Petroleum reported earnings of 6 cents a share for the fiscal fourth quarter, beating analysts' estimates of 5 cents a share for the quarter. Revenue grew 83.6% year over year to $156.99 million for the quarter, above analysts' estimates of $153.58 million.

The company produced 1,357 million barrels of oil equivalent in the fourth quarter, up from 667 million barrels of oil equivalent in the year-ago quarter. The company reported average production volume of 14,747 barrels of oil equivalent a day, up from 7.249 barrels of barrels of oil equivalent a day in the year-ago quarter.

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, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, unimpressive growth in net income and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: TPLM Ratings Report

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