Post-Earnings Review - Triangle Petroleum

LONDON, January 5, 2015 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings review on Triangle Petroleum Corp. (NYSE MKT: TPLM). On December 8, 2014, the company reported its results for Q3 FY15 (period ended October 31, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Triangle Petroleum Corp. (Triangle Petroleum). During Q3 FY15, the company's production volumes surged 80% Y-o-Y, while its total revenue and adjusted net income improved 97% Y-o-Y and 15% Y-o-Y, respectively, in Q3 FY15. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY15, Triangle Petroleum's production volumes increased to 1,125 Mboe (Million barrels of oil equivalent), from 626 Mboe in Q3 FY14. The company's total estimated proved reserves as of October 31, 2014 stood at 57,120 Mboe, compared to 32,529 Mboe as of October 31, 2013. Triangle Petroleum's consolidated total revenues during Q3 FY15 stood at $174.20 million, compared to $88.55 million in Q3 FY14. Bloomberg analysts' were expecting the company to report total revenues of $147.63 million in Q3 FY15. RockPile Energy Services LLC (RockPile), a wholly-owned subsidiary of Triangle Petroleum, contributed revenue of $94.1 million and income before taxes of $10.6 million to the company's consolidated operations in Q3 FY15, compared with revenue of $33.1 million and loss before taxes of $1.3 million in Q3 FY14. The free research on TPLM can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Triangle%20Petroleum&d=05-Jan-2015&s=TPLM

In Q3 FY15, the company's Exploration and Production operating segment generated stand-alone revenues of $80.14 million and stand-alone adjusted EBITDA of $57.28 million, reflecting an increase of 6% on Q-o-Q basis. The RockPile segment generated stand-alone revenues of $143.8 million and stand-alone adjusted EBITDA of $34.7 million, representing a Q-o-Q increase of 41% and 21%, respectively. Further, the stand-alone revenues and adjusted EBITDA from the Caliber segment surged 56% Q-o-Q and 26% Q-o-Q to $4.6 million and $2.9 million, respectively.

Triangle Petroleum's Q3 FY15 net income attributable to common stockholders stood at $25.40 million, or $0.26 per diluted share, compared to $47.22 million, or $0.50 per diluted share, in Q3 FY14. The reported quarter's net income outperformed Bloomberg analysts' expectations of $12.73 million, or $0.15 per diluted share. On an adjusted basis, the company's net income for Q3 FY15 stood at $14.86 million, or $0.15 per diluted share, as compared with $13.0 million, or $0.14 per diluted share, in Q3 FY14. Sign up and read the free analyst's notes on TPLM at:

http://get.Investor-Edge.com/pdf/?c=Triangle%20Petroleum&d=05-Jan-2015&s=TPLM

As of October 31, 2014, Triangle Petroleum's total liquidity stood at $553.6 million, including cash on hand and pro forma for Triangle Petroleum USA and RockPile credit facility amendments executed in November 2014. Moreover, Triangle Petroleum has repurchased approximately 9.9 million shares of common stock at an average price $7.18 per share, as of December 5, 2014.

Stock Performance  

On the day of the earnings release, December 8, 2014, Triangle Petroleum's stock plummeted 8.33%, to end the session at $3.30. The stock has moved both ways since then with the gains outweighing the losses so far. On the last close, Friday, January 02, 2014, the stock finished 2.93% lower at $4.64, after vacillating between $4.50 and $4.90. A total of 2.01 million shares were traded, which was below its three months average volume of 2.95 million shares. Over the last one month, the company's shares have surged 14.85%. However, the stock has plummeted 10.25% in the previous three trading sessions and 43.00% in the past one year. Shares in Triangle Petroleum closed below their 50-day and 200-day moving averages of $5.99 and $9.24, respectively. Furthermore, the stock traded at a PE ratio of 8.66 and has a Relative Strength Index (RSI) of 43.12. Visit Investor-Edge and access the latest research on TPLM at:

http://get.Investor-Edge.com/pdf/?c=Triangle%20Petroleum&d=05-Jan-2015&s=TPLM

Sneak Peek to Corporate Insider Trading  

In the last one month Triangle Petroleum has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on TPLM is available at:

http://get.Investor-Edge.com/pdf/?c=Triangle%20Petroleum&d=05-Jan-2015&s=TPLM

About Investor-Edge.com 

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