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Shares of TransGlobe Energy (NYSE:TGA) have earned an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, American Banking News reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.90.

TransGlobe Energy (NYSE:TGA) traded down 5.99% on Friday, hitting $6.59. 54,058 shares of the company’s stock traded hands. TransGlobe Energy has a 52 week low of $5.52 and a 52 week high of $9.66. The stock’s 50-day moving average is $7.61 and its 200-day moving average is $8.07. The company has a market cap of $489.5 million and a price-to-earnings ratio of 10.83.

TransGlobe Energy (NYSE:TGA) last posted its quarterly 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.

The company also recently announced a special dividend, which is scheduled for Wednesday, May 28th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.10 per share. This represents a dividend yield of 2.43%. The ex-dividend date is Tuesday, May 20th.

TGA has been the subject of a number of recent research reports. Analysts at TD Securities cut their price target on shares of TransGlobe Energy from C$11.50 to C$11.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of TransGlobe Energy from C$14.00 to C$13.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet upgraded shares of TransGlobe Energy from a “hold” rating to a “buy” rating in a research note on Thursday.

TransGlobe Energy Corporation (NYSE:TGA) is an independent international upstream oil and gas company.

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