Other equities research analysts also recently issued reports about the stock. Canaccord Genuity reaffirmed a buy rating on shares of TransGlobe Energy in a research report on Thursday, August 11th. Zacks Investment Research raised shares of TransGlobe Energy from a hold rating to a buy rating and set a $2.00 price objective for the company in a research report on Wednesday, July 13th. Finally, Scotiabank reaffirmed a sector perform rating and issued a $3.50 price objective on shares of TransGlobe Energy in a research report on Saturday, June 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $3.10.
TransGlobe Energy (NASDAQ:TGA) traded down 0.98% during trading on Wednesday, reaching $2.02. The company had a trading volume of 19,380 shares. The company has a 50-day moving average price of $1.95 and a 200 day moving average price of $1.81. TransGlobe Energy has a one year low of $1.00 and a one year high of $3.10. The company’s market capitalization is $145.85 million.
TransGlobe Energy (NASDAQ:TGA) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.07. Analysts expect that TransGlobe Energy will post ($0.50) earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. bought a new position in TransGlobe Energy during the second quarter worth $974,000. Acadian Asset Management LLC increased its position in TransGlobe Energy by 210.5% in the second quarter. Acadian Asset Management LLC now owns 635,829 shares of the company’s stock valued at $1,163,000 after buying an additional 431,065 shares during the period. Renaissance Technologies LLC increased its position in TransGlobe Energy by 27.1% in the first quarter. Renaissance Technologies LLC now owns 1,092,500 shares of the company’s stock valued at $1,814,000 after buying an additional 233,100 shares during the period. Numeric Investors LLC acquired a new position in TransGlobe Energy during the second quarter valued at approximately $101,000. Finally, Spark Investment Management LLC increased its position in TransGlobe Energy by 21.4% in the first quarter. Spark Investment Management LLC now owns 244,000 shares of the company’s stock valued at $407,000 after buying an additional 43,000 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.