TransGlobe Energy Co. (TGL) Receives C$3.44 Average Price Target from Analysts
TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) has been assigned a consensus rating of “Buy” from the ten research firms that are covering the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$3.44.
TGL has been the topic of a number of recent analyst reports. Dundee Securities increased their price objective on shares of TransGlobe Energy from C$3.70 to C$4.25 in a research report on Monday, August 15th. TD Securities reissued a “buy” rating and issued a C$4.00 price objective on shares of TransGlobe Energy in a research report on Wednesday, October 5th. CSFB increased their price objective on shares of TransGlobe Energy from C$2.50 to C$2.75 in a research report on Friday, August 12th. FirstEnergy Capital raised shares of TransGlobe Energy from an “outperform” rating to a “top pick” rating in a research report on Friday, August 12th. Finally, Scotiabank reissued a “sector perform” rating and issued a C$3.50 price objective on shares of TransGlobe Energy in a research report on Tuesday, October 4th.
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Shares of TransGlobe Energy (TSE:TGL) opened at 2.43 on Monday. TransGlobe Energy has a 12 month low of $1.45 and a 12 month high of $2.94. The stock has a 50 day moving average price of $2.53 and a 200-day moving average price of $2.41. The company’s market capitalization is $175.46 million.
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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