Zacks Investment Research upgraded shares of TransGlobe Energy Co. (NASDAQ:TGA) (TSE:TGL) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other analysts have also weighed in on TGA. Canaccord Genuity reissued a buy rating on shares of TransGlobe Energy in a report on Saturday, November 12th. Scotiabank reissued a sector perform rating and set a $3.50 price objective on shares of TransGlobe Energy in a report on Wednesday, October 5th. Finally, TD Securities reissued a buy rating and set a $3.75 price objective (up previously from $3.50) on shares of TransGlobe Energy in a report on Monday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $3.10.

Analyst Recommendations for TransGlobe Energy (NASDAQ:TGA)

TransGlobe Energy (NASDAQ:TGA) traded up 0.56% on Wednesday, hitting $1.79. The stock had a trading volume of 24,859 shares. TransGlobe Energy has a 1-year low of $1.00 and a 1-year high of $2.25. The firm’s market cap is $129.25 billion. The firm’s 50-day moving average price is $1.94 and its 200-day moving average price is $1.85.

Several large investors have recently made changes to their positions in TGA. TFS Capital LLC boosted its position in 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. Numeric Investors LLC acquired a new position in TransGlobe Energy during the second quarter worth about $101,000. Ifrah Financial Services Inc. boosted its position in 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. CIBC World Markets Inc. boosted its position in TransGlobe Energy by 60.3% in the third quarter. CIBC World Markets Inc. now owns 89,603 shares of the company’s stock worth $177,000 after buying an additional 33,703 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position 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.

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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