Analysts Set TransGlobe Energy Co. (TGL) Price Target at $3.44
TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) has been given an average rating of “Buy” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$3.50.
Several equities analysts have recently commented on the company. TD Securities restated a “buy” rating and issued a C$3.25 price objective on shares of TransGlobe Energy in a research report on Thursday, April 20th. Scotiabank restated a “sector perform” rating and issued a C$3.00 price objective on shares of TransGlobe Energy in a research report on Wednesday, April 12th.
TransGlobe Energy (TGL) traded down 0.59% during mid-day trading on Monday, hitting $1.69. The company’s stock had a trading volume of 14,600 shares. The company’s 50 day moving average is $1.73 and its 200-day moving average is $2.04. The stock’s market cap is $122.03 million. TransGlobe Energy has a 52-week low of $1.59 and a 52-week high of $2.85.
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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