TransGlobe Energy (TGA) Downgraded to “Strong Sell” at ValuEngine
ValuEngine lowered shares of TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) from a sell rating to a strong sell rating in a research report sent to investors on Sunday.
Separately, Zacks Investment Research cut TransGlobe Energy from a hold rating to a sell rating in a research note on Wednesday, December 27th.
Shares of TransGlobe Energy (TGA) traded down $0.02 during midday trading on Friday, reaching $1.44. The company’s stock had a trading volume of 94,500 shares, compared to its average volume of 74,650. The company has a quick ratio of 2.38, a current ratio of 2.78 and a debt-to-equity ratio of 0.37. TransGlobe Energy has a 52 week low of $1.07 and a 52 week high of $1.89. The company has a market capitalization of $105.42, a PE ratio of -0.94 and a beta of 0.77.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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