TransGlobe Energy Co. (NASDAQ:TGA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

TGA has been the topic of several other research reports. Canaccord Genuity restated a “buy” rating on shares of TransGlobe Energy in a report on Thursday, August 11th. TD Securities restated a “buy” rating and set a $3.75 price objective (up previously from $3.50) on shares of TransGlobe Energy in a report on Monday, August 15th. Finally, Scotiabank restated a “sector perform” rating and set a $3.50 price objective on shares of TransGlobe Energy in a report on Saturday, June 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.05.

TransGlobe Energy (NASDAQ:TGA) opened at 1.98 on Tuesday. TransGlobe Energy has a 1-year low of $1.00 and a 1-year high of $3.12. The firm’s market capitalization is $142.97 million. The company’s 50-day moving average price is $1.87 and its 200 day moving average price is $1.79.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/transglobe-energy-co-tga-rating-lowered-to-sell-at-zacks-investment-research.html

TransGlobe Energy (NASDAQ:TGA) last announced its earnings results on Thursday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.07. On average, equities analysts anticipate that TransGlobe Energy will post ($0.50) EPS for the current year.

Several large investors have recently bought and sold shares of the company. TFS Capital LLC raised its position in shares of TransGlobe Energy by 101.3% in the second quarter. TFS Capital LLC now owns 54,394 shares of the company’s stock valued at $100,000 after buying an additional 27,376 shares during the period. Numeric Investors LLC purchased a new position in shares of TransGlobe Energy during the second quarter valued at $101,000. Ifrah Financial Services Inc. raised its position in shares of TransGlobe Energy by 2.7% in the second quarter. Ifrah Financial Services Inc. now owns 96,088 shares of the company’s stock valued at $176,000 after buying an additional 2,548 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of TransGlobe Energy by 25.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 116,539 shares of the company’s stock valued at $193,000 after buying an additional 23,328 shares during the period. Finally, Spark Investment Management LLC raised its position in shares of TransGlobe Energy by 21.4% in the first quarter. Spark Investment Management LLC now owns 244,000 shares of the company’s stock valued at $407,000 after buying an additional 43,000 shares during the period.

TransGlobe Energy Company Profile

TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.

5 Day Chart for NASDAQ:TGA

Receive News & Ratings for TransGlobe Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransGlobe Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.