Transglobe Energy Corp (TGA) Set to Announce Quarterly Earnings on Monday
Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) is scheduled to be announcing its earnings results before the market opens on Monday, August 14th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.
Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) last announced its quarterly earnings data on Thursday, May 11th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.12. Transglobe Energy Corp had a negative net margin of 96.36% and a negative return on equity of 14.84%. The business had revenue of $22.49 million during the quarter. On average, analysts expect Transglobe Energy Corp to post $-0.2 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Shares of Transglobe Energy Corp (NASDAQ TGA) traded up 1.60% during midday trading on Tuesday, reaching $1.27. 10,181 shares of the company’s stock traded hands. The stock’s market cap is $91.70 million. The stock has a 50-day moving average price of $1.32 and a 200-day moving average price of $1.51. Transglobe Energy Corp has a 52-week low of $1.21 and a 52-week high of $2.25.
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Separately, Zacks Investment Research downgraded shares of Transglobe Energy Corp from a “hold” rating to a “sell” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Transglobe Energy Corp currently has a consensus rating of “Hold” and a consensus target price of $3.67.
Transglobe Energy Corp 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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