TransGlobe Energy (TGL) Announces Quarterly Results
TransGlobe Energy (TSE:TGL) announced its earnings results on Thursday. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.16 by $0.22, StockRatingsNetwork.com reports.
TransGlobe Energy (TSE:TGL) opened at 7.09 on Thursday. TransGlobe Energy has a 52 week low of $6.53 and a 52 week high of $10.09. The stock has a 50-day moving average of $7.30 and a 200-day moving average of $7.86. The company has a market cap of $529.7 million and a P/E ratio of 9.76.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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 2.81%. The ex-dividend date is Thursday, September 11th.
On a related note, analysts at CSFB raised their price target on shares of TransGlobe Energy from C$8.50 to C$9.00 in a research note on Friday, June 27th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$10.22.
TransGlobe Energy Corporation (TSE:TGL) is an independent international upstream oil and gas company.
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