Transglobe Energy Corp (TGA) Position Held by CIBC World Markets Inc.
CIBC World Markets Inc. continued to hold its position in shares of Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,771 shares of the basic materials company’s stock at the end of the second quarter. CIBC World Markets Inc. owned approximately 0.12% of Transglobe Energy Corp worth $115,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. increased its holdings in 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 valued at $158,000 after buying an additional 1,100 shares during the period. Van ECK Associates Corp increased its holdings in Transglobe Energy Corp by 19.1% in the 1st quarter. Van ECK Associates Corp now owns 689,978 shares of the basic materials company’s stock valued at $1,093,000 after buying an additional 110,491 shares during the period. Russell Investments Group Ltd. bought a new position in Transglobe Energy Corp in the 1st quarter valued at about $1,094,000. Finally, Renaissance Technologies LLC increased its holdings in 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 valued at $2,529,000 after buying an additional 17,300 shares during the period. 27.79% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on TGA. Zacks Investment Research lowered shares of Transglobe Energy Corp from a “hold” rating to a “sell” rating in a report on Friday, July 21st. ValuEngine lowered shares of Transglobe Energy Corp from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Transglobe Energy Corp has a consensus rating of “Hold” and a consensus price target of $3.50.
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Shares of Transglobe Energy Corp (NASDAQ TGA) opened at 1.26 on Monday. The company’s 50 day moving average is $1.24 and its 200 day moving average is $1.40. Transglobe Energy Corp has a one year low of $1.07 and a one year high of $2.16. The company’s market capitalization is $90.98 million.
Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) last announced its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $40.44 million for the quarter. Equities research analysts predict that Transglobe Energy Corp will post ($0.34) earnings per share for the current year.
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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