Which Is The Best Investment At This Time? Noranda Aluminum Holding Corporation (NOR) and Triangle Petroleum Corporation (TPLM)
New York, NY – GDP INSIDER – 05/14/2014.
This article discusses two companies: Noranda Aluminum Holding Corporation (NYSE:NOR) and Triangle Petroleum Corporation (NYSEMKT:TPLM)
Noranda Aluminum Holding Corporation (NYSE:NOR) reversed its recent downward trend yesterday with the stock gaining 2.88% or six cents to finish the day at a closing price of $2.14 on heavy trading volume of 4.474 million compared with its three month average of 0.701 million shares. The leading producer of primary aluminum has been trading within a fairly narrow range of between $2.05 and $3.51 for the last month, with no strong indicators that it is likely to break out at the moment. Overall, the stock has been underperforming the S&P 500 as well so far this year, with the share price down 40% compared to the S&P 500 which is up 1.92% for the same period. With slow revenue growth of 7.30% and diluted EPS of -$0.39 there is no reason at this time to either hold, or buy the stock making it a sell unless fresh news unfolds. The stock gained an additional 1.87% during afterhours trading to move to a value of $2.18.
Triangle Petroleum Corporation (NYSEMKT:TPLM) climbed yesterday with the stock gaining 0.35% or $0.02 to close at $5.71, on light trading volume of 0.908 million shares compared to its three month average trading volume of 1.37 million. The oil and natural gas exploration and development company has been seeing its stock value decline recently, in line with the ongoing instability in the price of oil. Triangle Petroleum Corporation has been underperforming for the last six months, with the stock down 17% compared to the S&P 500 which is up 2.90% over the same period. The difference has narrowed since the beginning of the year, with the stock gaining 20% while the S&P 500 is up only 1.92%. With quarterly revenue growth of 83.60% and diluted EPS of $0.98 the stock has potential for growth, but that will largely be dependent on whether oil prices stable again. Better to hold than buy for now.
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