TransGlobe Energy Receives Consensus Rating of “Buy” from Analysts (NYSE:TGA)
TransGlobe Energy (NYSE:TGA) has earned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company, StockRatingsNetwork reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.49.
Shares of TransGlobe Energy (NYSE:TGA) traded down 0.77% on Friday, hitting $6.48. 10,860 shares of the company’s stock traded hands. TransGlobe Energy has a 52-week low of $6.00 and a 52-week high of $9.66. The stock has a 50-day moving average of $6.49 and a 200-day moving average of $7.1. The company has a market cap of $485.6 million and a price-to-earnings ratio of 7.35.
TransGlobe Energy (NYSE:TGA) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters 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 3.06%. The ex-dividend date is Thursday, September 11th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of TransGlobe Energy from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $6.90 price target on the stock. Separately, analysts at TD Securities cut their price target on shares of TransGlobe Energy to $10.50 in a research note on Friday, August 15th. Finally, analysts at Sandfire Securities cut their price target on shares of TransGlobe Energy from C$13.00 to C$12.50 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock.
TransGlobe Energy Corporation (NYSE:TGA) is an independent international upstream oil and gas company.
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