Scotiabank Reaffirms Sector Perform Rating for TransGlobe Energy Co. (TGL)
TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA)‘s stock had its “sector perform” rating reiterated by stock analysts at Scotiabank in a note issued to investors on Friday, StockTargetPrices.com reports. They currently have a C$2.75 target price on the stock. Scotiabank’s price objective points to a potential upside of 43.23% from the company’s current price.
TransGlobe Energy (TSE:TGL) traded up C$0.02 during trading on Friday, hitting C$1.92. 27,350 shares of the stock were exchanged, compared to its average volume of 63,402. TransGlobe Energy has a 1 year low of C$1.30 and a 1 year high of C$2.70.
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In related news, insider Randy Neely acquired 35,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average price of C$1.45 per share, for a total transaction of C$50,750.00.
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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