TransGlobe Energy Co. (TGL) to Release Earnings on Monday
TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) is scheduled to post its quarterly earnings results before the market opens on Monday, August 14th. Analysts expect TransGlobe Energy to post earnings of ($0.03) per share for the quarter.
TransGlobe Energy Co. (TGL) traded down 2.44% on Tuesday, reaching $1.60. The company had a trading volume of 8,300 shares. The stock’s 50 day moving average is $1.70 and its 200-day moving average is $2.01. TransGlobe Energy Co. has a 1-year low of $1.59 and a 1-year high of $2.85. The stock’s market capitalization is $115.53 million.
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Several brokerages recently issued reports on TGL. Scotiabank reaffirmed a “sector perform” rating and set a C$3.00 target price on shares of TransGlobe Energy in a research report on Wednesday, April 12th. TD Securities reaffirmed a “buy” rating and set a C$3.25 target price on shares of TransGlobe Energy in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$3.50.
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.
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