TransGlobe Energy Co. (TGL) Given “Buy” Rating at TD Securities
TD Securities reaffirmed their buy rating on shares of TransGlobe Energy Co. (TSE:TGL) in a research note published on Wednesday morning. TD Securities currently has a C$4.00 target price on the stock.
TGL has been the subject of a number of other reports. Canaccord Genuity upped their price objective on shares of TransGlobe Energy from C$3.00 to C$4.00 and gave the stock a buy rating in a research report on Wednesday, August 17th. Scotiabank reaffirmed a sector perform rating and issued a C$3.50 price objective on shares of TransGlobe Energy in a research report on Thursday, June 23rd. FirstEnergy Capital raised shares of TransGlobe Energy from an outperform rating to a top pick rating in a research report on Friday, August 12th. Royal Bank Of Canada reduced their price objective on shares of TransGlobe Energy from C$3.30 to C$3.00 in a research report on Thursday, July 14th. Finally, Paradigm Capital upped their price objective on shares of TransGlobe Energy from C$3.25 to C$4.00 and gave the stock a buy rating in a research report on Monday, September 12th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$3.41.
Shares of TransGlobe Energy (TSE:TGL) opened at 2.73 on Wednesday. TransGlobe Energy has a 12 month low of $1.45 and a 12 month high of $4.01. The firm’s market capitalization is $197.12 million. The firm’s 50-day moving average is $2.54 and its 200 day moving average is $2.35.
About TransGlobe Energy
TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.
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