Transglobe Energy Corp (TGA) Given Coverage Optimism Rating of 0.13
News stories about Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Transglobe Energy Corp earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.7324092799359 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Transglobe Energy Corp (TGA) opened at $1.48 on Monday. Transglobe Energy Corp has a one year low of $1.07 and a one year high of $2.03. The company has a current ratio of 2.78, a quick ratio of 2.38 and a debt-to-equity ratio of 0.37.
Several research analysts have weighed in on TGA shares. Zacks Investment Research upgraded shares of Transglobe Energy Corp from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. ValuEngine downgraded shares of Transglobe Energy Corp from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $3.50.
Transglobe Energy Corp 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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