Several other research analysts have also issued reports on the stock. Scotiabank restated a sector perform rating and set a C$3.50 price target on shares of TransGlobe Energy in a report on Tuesday, October 4th. Canaccord Genuity raised their price objective on shares of TransGlobe Energy from C$4.00 to C$4.25 and gave the stock a buy rating in a research report on Thursday, September 15th. Paradigm Capital raised their price objective on shares of TransGlobe Energy from C$3.25 to C$4.00 and gave the stock a buy rating in a research report on Monday, September 12th. Dundee Securities raised their price objective on shares of TransGlobe Energy from C$3.70 to C$4.25 in a research report on Monday, August 15th. Finally, FirstEnergy Capital raised shares of TransGlobe Energy from an outperform rating to a top pick rating in a research report on Friday, August 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of C$3.41.
Shares of TransGlobe Energy (TSE:TGL) opened at 2.73 on Wednesday. TransGlobe Energy has a 12 month low of $1.45 and a 12 month high of $4.01. The company’s market cap is $197.12 million. The stock has a 50 day moving average of $2.55 and a 200-day moving average of $2.36.
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.