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Shares of TransGlobe Energy (NYSE:TGA) reached a new 52-week low during trading on Wednesday , AmericanBankingNews.com reports. The company traded as low as $6.00 and last traded at $6.56, with a volume of 224,420 shares changing hands. The stock had previously closed at $6.36.

A number of analysts have recently weighed in on TGA shares. 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. 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. TransGlobe Energy currently has a consensus rating of “Hold” and a consensus price target of $10.54.

The stock’s 50-day moving average is $6.78 and its 200-day moving average is $7.18. The company has a market cap of $486.4 million and a P/E ratio of 10.58.

TransGlobe Energy (NYSE:TGA) last announced its earnings results on Wednesday, August 13th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.13. The company had revenue of $85.38 million for the quarter, compared to the consensus estimate of $76.41 million.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, September 11th.

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

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