Several other equities analysts have also commented on TGA. Scotiabank reiterated a sector perform rating and set a $3.50 price objective on shares of TransGlobe Energy in a research report on Saturday, June 25th. Zacks Investment Research upgraded TransGlobe Energy from a sell rating to a hold rating in a research report on Thursday, July 7th. Finally, TD Securities reiterated a buy rating and set a $3.75 price objective (up from $3.50) on shares of TransGlobe Energy in a research report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $3.10.
Shares of TransGlobe Energy (NASDAQ:TGA) opened at 2.0801 on Tuesday. TransGlobe Energy has a one year low of $1.00 and a one year high of $3.10. The company’s market capitalization is $150.19 million. The firm has a 50-day moving average price of $1.95 and a 200-day moving average price of $1.82.
TransGlobe Energy (NASDAQ:TGA) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.07. Equities analysts forecast that TransGlobe Energy will post ($0.50) earnings per share for the current year.
A number of large investors have recently modified their holdings of TGA. Emerald Acquisition Ltd. acquired a new stake in TransGlobe Energy during the second quarter valued at $974,000. Acadian Asset Management LLC boosted 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 valued at $1,163,000 after buying an additional 431,065 shares during the period. Renaissance Technologies LLC boosted 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 valued at $1,814,000 after buying an additional 233,100 shares during the period. Numeric Investors LLC acquired a new stake in TransGlobe Energy during the second quarter valued at $101,000. Finally, Spark Investment Management LLC boosted its stake 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.