Earnings Analysis - Triangle Petroleum

LONDON, September 15, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings analysis on Triangle Petroleum Corp. (NYSE MKT: TPLM). The company reported its results for Q2 FY15 on Monday, September 08, 2014. During Q2 FY15, Triangle Petroleum Corp.'s production volumes surged 146% Y-o-Y and consolidated net income increased $0.05 per common share from Q2 FY14. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q2 FY15, Triangle Petroleum Corp.'s production volumes increased to 971 Mboe (Million barrels of oil equivalent), from 394 Mboe in Q2 FY14. The company's total estimated net proved reserves at the end of Q2 FY15 stood at 51,660 Mboe, compared to 22,080 Mboe at end of Q2 FY14. Triangle Petroleum's consolidated revenues during the reported quarter surged 182% to $141.99 million, from $50.39 million in the prior year quarter. Bloomberg's analysts were expecting the company to report consolidated revenues of $118.29 million in Q2 FY15. RockPile Energy Services LLC, a wholly-owned subsidiary of the company, contributed revenue of $61.48 million to the company's consolidated operations in Q2 FY15, compared with $15.76 million in Q2 FY14. The free research on TPLM can be downloaded as in PDF format at:

www.Investor-Edge.com/TPLMFreeReport

During Q2 FY15, the company's E&P (Exploration and Production) operating segment generated stand-alone revenues of $80.51 million and stand-alone adjusted EBITDA of $54.41 million, reflecting an increase of 32% and 28%, respectively, on Q-o-Q basis. The Rock Pile segment generated stand-alone revenues of $102.06 million and stand-alone adjusted EBITDA of $28.76 million, representing a Q-o-Q increase of 66% and 108%, respectively. Further, the stand-alone revenues and adjusted EBITDA from the Caliber segment surged 142% and 229%, respectively, on Q-o-Q basis.

During the reported quarter of fiscal year 2015, the company's consolidated pre-tax income rose 266% Y-o-Y to $24.89 million. Triangle Petroleum's consolidated net income during the reported quarter surged 114% to $14.55 million, or $0.17 basic share, from $6.80 million, or $0.12 basic share, in the year ago period. The reported quarter's consolidated net income fell short of Bloomberg analysts' expectations of $15.70 million, or $0.14 basic share. On an adjusted basis, the company's net income in Q2 FY15 stood at $19.50 million, or $0.23 basic adjusted share as compared with $10.62 million, or $0.19 basic adjusted share in Q2 FY14. Sign up and read the free analyst's notes on TPLM at:

www.Investor-Edge.com/TPLM-15092014

Stock Performance  

A day after the earnings release, on September 09, 2014, shares in Triangle Petroleum Corp. took a beating of 6.29%, and ended the session at $10.87. The stock has recovered since then, although, on the last close, Friday, September 12, 2014, it finished at $11.38, 3.48% below its previous day's closing price. The stock vacillated between $11.32 and $11.86 during the last session. A total of 1.28 million shares were traded, which was below its three months average volume of 1.39 million shares. Over the previous three trading sessions and over the last one month, the company's shares have advanced 4.69% and 6.16%, respectively. Moreover, the stock has surged 36.78% from the beginning of 2014. Shares in Triangle Petroleum Corp. are trading above their 50-day and 200-day moving averages of $11.36 and $9.74, respectively. Furthermore, the stock traded at a PE ratio of 18.75 and has a Relative Strength Index (RSI) of 48.95. Visit Investor-Edge and access the latest research on TPLM at:

www.Investor-Edge.com/TPLMEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, Triangle Petroleum Corp. has reported three corporate insider trading transactions. On August 13, 2014, Mr. Ryan D. McGee, Interim General Counsel at Triangle Petroleum, sold 3,198 shares of the company at a price of $10.90 per share for a total amount of $34,858.20. In addition, on August 30 and September 02, 2014, Mr. Peter Hill, Non-Executive Chairman at Triangle Petroleum, disposed a total of 22,585 shares, for $269,394.00 at an average price of $11.93 per share. Complimentary in-depth research on TPLM is available at:

www.Investor-Edge.com/TPLMInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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