TransGlobe Energy Co. (TGA) Given Buy Rating at Canaccord Genuity
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised TransGlobe Energy from a sell rating to a hold rating in a research report on Thursday, July 7th. TD Securities reaffirmed a buy rating and issued a $3.75 target price (up from $3.50) on shares of TransGlobe Energy in a research report on Monday, August 15th. Finally, Scotiabank reaffirmed a sector perform rating and issued a $3.50 target price on shares of TransGlobe Energy in a research report on Saturday, June 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $3.10.
Shares of TransGlobe Energy (NASDAQ:TGA) opened at 2.04 on Tuesday. TransGlobe Energy has a 52-week low of $1.00 and a 52-week high of $3.03. The stock’s market capitalization is $147.30 million. The company has a 50 day moving average of $1.95 and a 200 day moving average of $1.82.
TransGlobe Energy (NASDAQ:TGA) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.07. Analysts predict that TransGlobe Energy will post ($0.50) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Numeric Investors LLC acquired a new position in shares of TransGlobe Energy during the second quarter worth approximately $101,000. Van ECK Associates Corp raised its position in shares of TransGlobe Energy by 19.5% in the second quarter. Van ECK Associates Corp now owns 252,574 shares of the company’s stock worth $465,000 after buying an additional 41,266 shares during the period. TFS Capital LLC raised its position in shares of TransGlobe Energy by 101.3% in the second quarter. TFS Capital LLC now owns 54,394 shares of the company’s stock worth $100,000 after buying an additional 27,376 shares during the period. Ifrah Financial Services Inc. raised its position in shares of TransGlobe Energy by 2.7% in the second quarter. Ifrah Financial Services Inc. now owns 96,088 shares of the company’s stock worth $176,000 after buying an additional 2,548 shares during the period. Finally, Boston Partners raised its position in shares of TransGlobe Energy by 9.7% in the second quarter. Boston Partners now owns 398,841 shares of the company’s stock worth $730,000 after buying an additional 35,195 shares during the period.
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.
Receive News & Ratings for TransGlobe Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransGlobe Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.