Canaccord Genuity Reiterates a 'Buy' on Triangle Petroleum (TPLM); Favorite Bakken Idea
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Price: $0.01 --0%
Rating Summary:
3 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Triangle Petroleum (NYSE: TPLM) price target of $10.00.
Analyst, Marcus Talbert, said, "We are reiterating our rating and price target following TPLM’s year-end updates and insights picked up during a recent event with management. Triangle Petroleum remains our “Favorite Bakken Idea” based on its meaningful leverage to the play and impactful near- to mid-term catalysts. We continue to believe TPLM remains too inexpensive for a company with its asset base, liquidity and relative growth potential. In our view, the initial operated completions should serve as the primary driver to address the relative mispricing of TPLM’s opportunity set."
For an analyst ratings summary and ratings history on Triangle Petroleum click here. For more ratings news on Triangle Petroleum click here.
Shares of Triangle Petroleum closed at $5.78 yesterday.
Analyst, Marcus Talbert, said, "We are reiterating our rating and price target following TPLM’s year-end updates and insights picked up during a recent event with management. Triangle Petroleum remains our “Favorite Bakken Idea” based on its meaningful leverage to the play and impactful near- to mid-term catalysts. We continue to believe TPLM remains too inexpensive for a company with its asset base, liquidity and relative growth potential. In our view, the initial operated completions should serve as the primary driver to address the relative mispricing of TPLM’s opportunity set."
For an analyst ratings summary and ratings history on Triangle Petroleum click here. For more ratings news on Triangle Petroleum click here.
Shares of Triangle Petroleum closed at $5.78 yesterday.
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