Transglobe Energy Stock Rating Upgraded by Dundee Securities (TGA)
Transglobe Energy (NYSE:TGA) was upgraded by analysts at Dundee Securities to a “buy” rating in a research report issued to clients and investors on Thursday, Analyst Ratings.Net reports.
Shares of Transglobe Energy (NYSE:TGA) traded up 4.54% during mid-day trading on Thursday, hitting $8.52. The stock had a trading volume of 193,923 shares. Transglobe Energy has a one year low of $5.52 and a one year high of $12.58. The stock has a 50-day moving average of $7.33 and a 200-day moving average of $7.24. The company has a market cap of $629.6 million and a price-to-earnings ratio of 9.12.
Transglobe Energy (NYSE:TGA) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.22 earnings per share for the quarter.
A number of other analysts have also recently weighed in on TGA. Analysts at Zacks upgraded shares of Transglobe Energy (NYSE:TGA) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $8.70 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Transglobe Energy (NYSE:TGA) from $14.00 to $13.50 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $11.91.
TransGlobe Energy Corporation (NYSE:TGA) is a Canadian-based oil exploration and production company whose continuing activities are concentrated in two main geographic areas: the Arab Republic of Egypt (Egypt) and the Republic of Yemen (Yemen).
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