Shares of Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $3.50.

Several equities research analysts recently commented on TGA shares. Zacks Investment Research downgraded shares of Transglobe Energy Corp from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. ValuEngine downgraded shares of Transglobe Energy Corp from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

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Transglobe Energy Corp (NASDAQ TGA) opened at 1.58 on Friday. Transglobe Energy Corp has a 12 month low of $1.07 and a 12 month high of $2.08. The stock’s 50 day moving average is $1.38 and its 200-day moving average is $1.38. The firm’s market capitalization is $114.08 million.

Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) last posted its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Transglobe Energy Corp had a negative net margin of 119.18% and a negative return on equity of 10.87%. The company had revenue of $40.44 million for the quarter. Equities analysts anticipate that Transglobe Energy Corp will post ($0.34) earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in shares of Transglobe Energy Corp in the 1st quarter worth approximately $1,094,000. Van ECK Associates Corp lifted its position in shares of Transglobe Energy Corp by 7.0% in the 2nd quarter. Van ECK Associates Corp now owns 738,116 shares of the basic materials company’s stock worth $985,000 after purchasing an additional 48,138 shares during the period. Renaissance Technologies LLC lifted its position in shares of Transglobe Energy Corp by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,621,400 shares of the basic materials company’s stock worth $2,529,000 after purchasing an additional 17,300 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of Transglobe Energy Corp by 0.9% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 117,978 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 27.79% of the company’s stock.

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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