November 17, 2016 - By Marie Mckinney · 0 Comments
The stock of Triangle Petroleum Corporation (NYSEMKT:TPLM) registered an increase of 0.62% in short interest. TPLM’s total short interest was 4.80M shares in November as published by FINRA. Its up 0.62% from 4.77M shares, reported previously. With 7.03 million shares average volume, it will take short sellers 1 days to cover their TPLM’s short positions. The short interest to Triangle Petroleum Corporation’s float is 7.25%. About 410 shares traded hands. Triangle Petroleum Corporation (NYSEMKT:TPLM) has declined 48.94% since April 15, 2016 and is downtrending. It has underperformed by 53.56% the S&P500.
Triangle Petroleum Corporation is an energy holding company. The company has a market cap of $18.54 million. The Firm operates through two divisions: exploration and production segment, and oilfield services segment. It currently has negative earnings. The focus of the exploration and production operating segment is finding and producing oil and natural gas.
Insitutional Activity: The institutional sentiment decreased to 0.29 in Q2 2016. Its down 0.05, from 0.34 in 2016Q1. The ratio worsened, as 29 funds sold all Triangle Petroleum Corporation shares owned while 26 reduced positions. 10 funds bought stakes while 6 increased positions. They now own 27.68 million shares or 39.40% less from 45.67 million shares in 2016Q1.
Deutsche Fincl Bank Ag last reported 2,846 shares in the company. Commonwealth Equity Service accumulated 11,895 shares or 0% of the stock. Springbok Capital Mngmt Limited Liability Corp has 4,100 shares for 0% of their US portfolio. Vanguard Grp Inc Inc last reported 0% of its portfolio in the stock. Kcg Holdings has 193,281 shares for 0% of their US portfolio. Blackrock Fund accumulated 25,489 shares or 0% of the stock. Us Bank De has invested 0% of its portfolio in Triangle Petroleum Corporation (NYSEMKT:TPLM). Lsv Asset, a Illinois-based fund reported 9,300 shares. Bank & Trust Of America Corp De holds 23,455 shares or 0% of its portfolio. Bank & Trust Of Montreal Can last reported 2,856 shares in the company. Teton Advsrs Inc reported 119,637 shares or 0% of all its holdings. Blackrock Institutional Trust Na reported 1.43M shares or 0% of all its holdings. Walleye Trading Ltd Co has invested 0% of its portfolio in Triangle Petroleum Corporation (NYSEMKT:TPLM). Wells Fargo Mn holds 0% or 4,145 shares in its portfolio. The United Kingdom-based Barclays Public Ltd Company has invested 0% in Triangle Petroleum Corporation (NYSEMKT:TPLM).
Out of 3 analysts covering Triangle Petroleum (NYSEMKT:TPLM), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Triangle Petroleum has been the topic of 11 analyst reports since August 27, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the stock to “Hold” rating in Tuesday, January 19 report. Topeka Capital Markets maintained it with “Hold” rating and $4.0 target price in Thursday, September 3 report. The firm earned “Hold” rating on Wednesday, November 25 by Topeka Capital Markets. The firm has “Buy” rating given on Thursday, December 10 by Canaccord Genuity.
Triangle Petroleum Corporation (Triangle), incorporated on November 27, 2012, is an energy holding company. The Firm operates through two divisions: exploration and production segment, and oilfield services segment. The focus of the exploration and production operating segment is finding and producing oil and natural gas. The focus of the oilfield services operating segment is pressure pumping and complementary services for both TUSA-operated wells and third-party-operated wells. The Firm has three principal lines of business: oil and natural gas exploration, development and production; oilfield services, and midstream services. It conducts these activities in the Williston Basin of North Dakota and Montana through the Company’s subsidiaries and its equity joint venture. Triangle USA Petroleum Corporation (TUSA), the Company’s subsidiary, conducts its exploration and production activities by acquiring and developing unconventional shale oil and natural gas resources. Caliber Midstream Partners, L.P. (Caliber) is its joint venture with First Reserve Energy Infrastructure Fund (FREIF). Caliber provides crude oil, natural gas and fresh and produced water gathering, processing, and transportation services.
More important recent Triangle Petroleum Corporation (NYSEMKT:TPLM) news were published by: Prnewswire.com which released: “Triangle Petroleum Corporation Provides Update on Its Review of Strategic …” on June 30, 2016, also Fool.com published article titled: “Why Triangle Petroleum Corporation Bucked the Trend and Surged 17% in August”, Seekingalpha.com published: “Triangle Petroleum: The Worst Concerns Validated” on April 18, 2016. More interesting news about Triangle Petroleum Corporation (NYSEMKT:TPLM) was released by: Seekingalpha.com and their article: “Triangle Petroleum: Facing A Critical Deadline” with publication date: May 30, 2016.
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By Marie Mckinney