TransGlobe Energy Co. (TGA) Announces Earnings Results
TransGlobe Energy Co. (NASDAQ:TGA) (TSE:TGL) issued its earnings results on Thursday. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.12. The business had revenue of $22.49 million for the quarter.
Shares of TransGlobe Energy (NASDAQ:TGA) traded down 0.66% during mid-day trading on Friday, hitting $1.50. 33,299 shares of the company’s stock traded hands. The firm has a 50-day moving average of $1.52 and a 200 day moving average of $1.68. The company’s market cap is $108.31 million. TransGlobe Energy has a 52 week low of $1.37 and a 52 week high of $2.25.
ILLEGAL ACTIVITY NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/05/12/transglobe-energy-co-tga-announces-earnings-results.html.
Separately, Raymond James Financial, Inc. cut shares of TransGlobe Energy from an “outperform” rating to a “market perform” rating in a research report on Monday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.25.
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.
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.