Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Triangle Petroleum from $10.00 to $9.00 in a research note to investors on Thursday, May 2nd. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital downgraded shares of Triangle Petroleum from an “outperform” rating to an “in-line” rating in a research note to investors on Wednesday, April 17th. They now have a $5.50 price target on the stock, down previously from $7.50. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Triangle Petroleum in a research note to investors on Wednesday, March 27th. They set a “buy” rating and a $9.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Triangle Petroleum presently has an average rating of “Buy” and a consensus target price of $7.78.
what was the rationale for the Global Securities upgrade? I read global is both quant and quual;itative based so they could be seeing the uptick in drilling etc as a fundamental driver?? and i wonder about Imperial's downgrade 4/17 (they had rated it "outperform" 3/7/13 with price at 6.78, target 7.50)- seems like they are followers downgrading on stock performance only? anyone have access to the notes behind any of these analyst ratings?
cannacord genuity is the underwriter for all the emerald oil stock offerings and absolutely loves that stock. So you are basically equating tplm with eox-not a bad analogy but that tells me all I need to know about this outfit, thanks for the heads up!