A number of other equities analysts have also commented on TGA. Canaccord Genuity reissued a buy rating on shares of TransGlobe Energy in a research note on Tuesday, June 21st. Scotiabank reissued a sector perform rating and issued a $3.50 price objective on shares of TransGlobe Energy in a research note on Saturday, June 25th. Finally, TD Securities reissued a buy rating and issued a $3.75 price objective (up previously from $3.50) on shares of TransGlobe Energy in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. TransGlobe Energy has a consensus rating of Hold and a consensus target price of $3.05.
TransGlobe Energy (NASDAQ:TGA) traded down 0.3299% during trading on Friday, hitting $1.9635. The stock had a trading volume of 12,871 shares. The firm’s market cap is $141.77 million. TransGlobe Energy has a 52 week low of $1.00 and a 52 week high of $3.12. The company’s 50-day moving average is $1.94 and its 200 day moving average is $1.81.
TransGlobe Energy (NASDAQ:TGA) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.07. Equities analysts expect that TransGlobe Energy will post ($0.50) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in TGA. Renaissance Technologies LLC increased its stake in TransGlobe Energy by 27.1% in the first quarter. Renaissance Technologies LLC now owns 1,092,500 shares of the company’s stock worth $1,814,000 after buying an additional 233,100 shares during the last quarter. Acadian Asset Management LLC increased its stake in TransGlobe Energy by 210.5% in the second quarter. Acadian Asset Management LLC now owns 635,829 shares of the company’s stock worth $1,163,000 after buying an additional 431,065 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in TransGlobe Energy during the second quarter worth $974,000. Boston Partners increased its stake in 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 last quarter. Finally, Van ECK Associates Corp increased its stake in 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 last quarter.
About TransGlobe Energy
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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