- TPLM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.4 million.
- TPLM has traded 110,523 shares today.
- TPLM is trading at 2.00 times the normal volume for the stock at this time of day.
- TPLM is trading at a new high 5.51% above yesterday's close.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in TPLM with the Ticky from Trade-Ideas. See the FREE profile for TPLM NOW at Trade-Ideas More details on TPLM: Triangle Petroleum Corporation, an independent energy company, explores for, develops, and produces oil and natural gas resources primarily in the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana. Currently there are 2 analysts that rate Triangle Petroleum a buy, 1 analyst rates it a sell, and 8 rate it a hold. The average volume for Triangle Petroleum has been 1.2 million shares per day over the past 30 days. Triangle has a market cap of $279.7 million and is part of the basic materials sector and energy industry. The stock has a beta of 0.72 and a short float of 25.8% with 11.27 days to cover. Shares are down 27.8% year-to-date as of the close of trading on Monday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Triangle Petroleum as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. Highlights from the ratings report include:
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 1339.2% when compared to the same quarter one year ago, falling from $14.54 million to -$180.20 million.
- The debt-to-equity ratio is very high at 2.24 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, TPLM maintains a poor quick ratio of 0.87, which illustrates the inability to avoid short-term cash problems.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, TRIANGLE PETROLEUM CORP's return on equity significantly trails that of both the industry average and the S&P 500.
- Net operating cash flow has declined marginally to $39.26 million or 1.47% when compared to the same quarter last year. Despite a decrease in cash flow TRIANGLE PETROLEUM CORP is still fairing well by exceeding its industry average cash flow growth rate of -48.80%.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 63.77%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 1693.33% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
- You can view the full Triangle Petroleum Ratings Report.
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