Scotiabank reissued their sector perform rating on shares of TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) in a research report sent to investors on Friday. The brokerage currently has a C$2.75 price target on the stock.

TransGlobe Energy (TSE:TGL) opened at C$1.91 on Friday. TransGlobe Energy has a 1 year low of C$1.30 and a 1 year high of C$2.70.

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In related news, insider Randy Neely bought 35,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were bought at an average price of C$1.45 per share, with a total value of C$50,750.00.

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.

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