TransGlobe Energy Co. (TGA) Plans Quarterly Dividend of $0.05
TransGlobe Energy (NYSE:TGA) declared a quarterly dividend on Tuesday, August 12th, Stock Ratings Network.com reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.05 per share on Tuesday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, September 11th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of TransGlobe Energy from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $5.80 price target on the stock. On the ratings front, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. TransGlobe Energy has an average rating of “Hold” and a consensus price target of $10.54.
TransGlobe Energy (NYSE:TGA) traded down 0.62% during mid-day trading on Tuesday, hitting $6.36. 147,324 shares of the company’s stock traded hands. TransGlobe Energy has a 1-year low of $6.01 and a 1-year high of $9.66. The stock has a 50-day moving average of $6.81 and a 200-day moving average of $7.20. The company has a market cap of $475.2 million and a price-to-earnings ratio of 10.65.
TransGlobe Energy Corporation (NYSE:TGA) is an independent international upstream oil and gas company.
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