Wunderlich Securities Sees Long-Term Value Creation At Triangle Petroleum Corporation

In a report published Wednesday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $14.00 price target on

. In the report, Wunderlich Securities noted, “Triangle Petroleum (TPLM) reported a strong F2Q15 as EPS of $0.20 easily beat our $0.14 estimate and the Street's $0.15 forecast due to a significantly higher production figure and higher-than-expected revenues from Rock Pile. The stock moved higher early in trading Tuesday but during the call fell and ended the day under-performing its sector. As you can see, our estimates have moved higher (as we assume most will), so what gives? Well the company explained that the success it has achieved in the last few years is something worth building on given the value creation and it intends to continue these endeavors rather than simply hang a ‘For Sale' sign outside its office. We think this short-sighted move by the market is a great opportunity given the long-term value creation at TPLM.” Triangle Petroleum Corporation closed on Tuesday at $10.87.