Transglobe Energy Rating Reiterated by Scotiabank (TGA)
Transglobe Energy (NYSE:TGA)‘s stock had its “sector outperform” rating reiterated by research analysts at Scotiabank in a report released on Tuesday, Analyst Ratings Network reports.
A number of other firms have also recently commented on TGA. Analysts at TD Securities upgraded shares of Transglobe Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at Paradigm Capital reiterated a “tender” rating on shares of Transglobe Energy in a research note on Monday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $10.59.
Shares of Transglobe Energy (NYSE:TGA) traded up 0.27% during mid-day trading on Tuesday, hitting $7.44. 133,848 shares of the company’s stock traded hands. Transglobe Energy has a one year low of $5.52 and a one year high of $9.66. The stock has a 50-day moving average of $7.51 and a 200-day moving average of $8.19. The company has a market cap of $552.7 million and a price-to-earnings ratio of 11.47.
Transglobe Energy (NYSE:TGA) last announced its earnings results on Wednesday, March 5th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.11.
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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