TransGlobe Energy (TGA) Receiving Favorable Media Coverage, Study Finds
News articles about TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) have trended positive on Friday, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TransGlobe Energy earned a coverage optimism score of 0.27 on AlphaOne’s scale. AlphaOne also gave media headlines about the basic materials company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
TransGlobe Energy (TGA) traded up 4.92% on Friday, reaching $1.28. The company had a trading volume of 106,087 shares. The company’s 50-day moving average price is $1.45 and its 200 day moving average price is $1.61. The firm’s market capitalization is $92.42 million. TransGlobe Energy has a 1-year low of $1.21 and a 1-year high of $2.25.
TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) last announced its earnings results on Thursday, May 11th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.12. The business had revenue of $22.49 million for the quarter. On average, equities analysts forecast that TransGlobe Energy will post ($0.36) EPS for the current year.
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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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