TransGlobe Energy Co. (TGA) Rating Reiterated by TD Securities
TransGlobe Energy Co. (NASDAQ:TGA)‘s stock had its “buy” rating reissued by TD Securities in a research note issued to investors on Wednesday. They currently have a $4.00 price objective on the stock. TD Securities’ price target points to a potential upside of 92.31% from the company’s current price.
A number of other brokerages also recently commented on TGA. Zacks Investment Research raised shares of TransGlobe Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 30th. Canaccord Genuity reissued a “buy” rating and issued a $4.00 price objective (up previously from $3.00) on shares of TransGlobe Energy in a research note on Sunday, August 21st. Finally, Scotiabank reissued a “sector perform” rating and issued a $3.50 price objective on shares of TransGlobe Energy in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. TransGlobe Energy currently has an average rating of “Hold” and a consensus target price of $3.10.
TransGlobe Energy (NASDAQ:TGA) opened at 2.0801 on Wednesday. TransGlobe Energy has a 1-year low of $1.00 and a 1-year high of $3.10. The stock’s market capitalization is $150.19 million. The stock has a 50 day moving average price of $1.95 and a 200-day moving average price of $1.82.
TransGlobe Energy (NASDAQ:TGA) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.07. Equities research analysts expect that TransGlobe Energy will post ($0.50) EPS for the current year.
Institutional investors have recently modified their holdings of the company. Numeric Investors LLC acquired a new position in shares of TransGlobe Energy during the second quarter worth about $101,000. Van ECK Associates Corp increased its position in shares of TransGlobe Energy by 19.5% in the second quarter. Van ECK Associates Corp now owns 252,574 shares of the company’s stock worth $465,000 after buying an additional 41,266 shares during the last quarter. TFS Capital LLC increased its position in shares of TransGlobe Energy by 101.3% in the second quarter. TFS Capital LLC now owns 54,394 shares of the company’s stock worth $100,000 after buying an additional 27,376 shares during the last quarter. Ifrah Financial Services Inc. increased its position in shares of TransGlobe Energy by 2.7% in the second quarter. Ifrah Financial Services Inc. now owns 96,088 shares of the company’s stock worth $176,000 after buying an additional 2,548 shares during the last quarter. Finally, Boston Partners increased its position in shares of TransGlobe Energy by 9.7% in the second quarter. Boston Partners now owns 398,841 shares of the company’s stock worth $730,000 after buying an additional 35,195 shares during the last quarter.
TransGlobe Energy Company Profile
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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