Triangle Petroleum Corporation TPLM was a big mover last session with shares rising over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained nearly 22% in the past one-month time frame.
This independent oil and gas company has seen a mixed track record when it comes to estimate revisions of 1 increase and 1 decrease over the last 30 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Thursday's jump can turn into more strength down the road.
Triangle Petroleum currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the broader oil and gas sector may consider well-placed stocks like Crescent Point Energy Corp. (CPG), Baytex Energy Corp. BTE and Canadian Natural Resources Limited CNQ. All three stocks bear a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
This independent oil and gas company has seen a mixed track record when it comes to estimate revisions of 1 increase and 1 decrease over the last 30 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Thursday's jump can turn into more strength down the road.
Triangle Petroleum currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the broader oil and gas sector may consider well-placed stocks like Crescent Point Energy Corp. (CPG), Baytex Energy Corp. BTE and Canadian Natural Resources Limited CNQ. All three stocks bear a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
BAYTEX ENERGY BTE: Free Stock Analysis Report
CDN NTRL RSRCS CNQ: Free Stock Analysis Report
CRESCENT PT EGY (CPG): Free Stock Analysis Report
TRIANGLE PETROL TPLM: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
