TransGlobe Energy Co. (TGL) Receives Average Rating of “Buy” from Brokerages
TransGlobe Energy Co. (TSE:TGL) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the company. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$3.41.
Several research firms have recently weighed in on TGL. Dundee Securities boosted their target price on TransGlobe Energy from C$3.70 to C$4.25 in a research report on Monday, August 15th. CSFB boosted their target price on TransGlobe Energy from C$2.50 to C$2.75 in a research report on Friday, August 12th. Scotiabank reissued a “sector perform” rating and set a C$3.50 target price on shares of TransGlobe Energy in a research report on Tuesday, October 4th. Canaccord Genuity boosted their target price on TransGlobe Energy from C$4.00 to C$4.25 and gave the company a “buy” rating in a research report on Thursday, September 15th. Finally, TD Securities reissued a “buy” rating and set a C$4.00 target price on shares of TransGlobe Energy in a research report on Wednesday, October 5th.
Shares of TransGlobe Energy (TSE:TGL) traded down 3.21% during mid-day trading on Monday, reaching $2.71. The company had a trading volume of 22,405 shares. The firm has a 50-day moving average price of $2.58 and a 200-day moving average price of $2.38. The stock’s market capitalization is $195.68 million. TransGlobe Energy has a 1-year low of $1.45 and a 1-year high of $3.68.
About TransGlobe Energy
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.
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