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Shares of TransGlobe Energy (NYSE:TGA) reached a new 52-week low during mid-day trading on Thursday , StockRatingsNetwork.com reports. The stock traded as low as $6.28 and last traded at $6.29, with a volume of 41,906 shares traded. The stock had previously closed at $6.48.

A number of analysts have recently weighed in on TGA shares. Analysts at Zacks upgraded shares of TransGlobe Energy from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $7.60 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of TransGlobe Energy in a research note on Friday, June 20th. They set an “outperform” rating and a $9.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of TransGlobe Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $10.80.

The stock has a 50-day moving average of $7.01 and a 200-day moving average of $7.31. The company has a market cap of $468.5 million and a P/E ratio of 10.78.

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

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