Shares of TransGlobe Energy Co. (NASDAQ:TGA) have earned a consensus rating of “Hold” from the seven research firms that are covering the stock. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $3.17.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of TransGlobe Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Canaccord Genuity restated a “buy” rating on shares of TransGlobe Energy in a research report on Thursday, September 15th. Scotiabank restated a “sector perform” rating and set a $3.50 target price on shares of TransGlobe Energy in a research report on Tuesday, November 8th. Finally, TD Securities reiterated a “buy” rating and issued a $3.75 price target (up from $3.50) on shares of TransGlobe Energy in a research report on Monday, August 15th.

Hedge funds have recently bought and sold shares of the company. Montrusco Bolton Investments Inc. boosted its stake in TransGlobe Energy by 16.4% in the third quarter. Montrusco Bolton Investments Inc. now owns 5,988,195 shares of the company’s stock worth $11,847,000 after buying an additional 842,474 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in TransGlobe Energy during the second quarter worth about $974,000. Acadian Asset Management LLC boosted its stake in TransGlobe Energy by 210.5% in the second quarter. Acadian Asset Management LLC now owns 635,829 shares of the company’s stock worth $1,163,000 after buying an additional 431,065 shares during the last quarter. Numeric Investors LLC acquired a new stake in TransGlobe Energy during the second quarter worth about $101,000. Finally, Van ECK Associates Corp boosted its stake in 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.

Shares of TransGlobe Energy (NASDAQ:TGA) opened at 1.76 on Thursday. TransGlobe Energy has a 1-year low of $1.00 and a 1-year high of $2.33. The firm’s market capitalization is $127.08 million. The firm has a 50-day moving average of $1.94 and a 200-day moving average of $1.85.

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.

5 Day Chart for NASDAQ:TGA

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