TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) has been given an average recommendation of “Buy” by the nine brokerages that are covering the firm, reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$3.44.

A number of analysts have recently commented on the company. TD Securities reaffirmed a “buy” rating and issued a C$3.25 price target on shares of TransGlobe Energy in a research note on Thursday, April 20th. Scotiabank reaffirmed a “sector perform” rating and issued a C$3.00 price target on shares of TransGlobe Energy in a research note on Wednesday, April 12th.

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Shares of TransGlobe Energy (TSE:TGL) traded down 0.60% during mid-day trading on Monday, reaching $1.66. 2,700 shares of the company traded hands. The stock’s market capitalization is $119.86 million. The stock’s 50 day moving average is $1.89 and its 200 day moving average is $2.11. TransGlobe Energy has a 52-week low of $1.59 and a 52-week high of $2.85.

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.

Analyst Recommendations for TransGlobe Energy (TSE:TGL)

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