TransGlobe Energy (LON:TGL) Stock Price Crosses Below 200-Day Moving Average of $129.72

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TransGlobe Energy Co. (LON:TGL)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $129.72 and traded as low as $110.00. TransGlobe Energy shares last traded at $109.00, with a volume of 1,000 shares.

Separately, Canaccord Genuity restated a “buy” rating and issued a GBX 265 ($3.46) price objective on shares of TransGlobe Energy in a research note on Monday, August 12th.

The stock has a market capitalization of $79.43 million and a PE ratio of 3.93. The company has a quick ratio of 2.70, a current ratio of 3.41 and a debt-to-equity ratio of 22.90. The firm has a 50 day moving average price of GBX 116.52 and a 200-day moving average price of GBX 128.69.

The company also recently disclosed a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were paid a $0.04 dividend. This represents a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, August 29th. TransGlobe Energy’s payout ratio is 0.40%.

In other news, insider Randall Clifford Neely acquired 24,700 shares of TransGlobe Energy stock in a transaction dated Friday, September 27th. The stock was purchased at an average cost of GBX 136 ($1.78) per share, for a total transaction of £33,592 ($43,893.90).

TransGlobe Energy Company Profile (LON:TGL)

TransGlobe Energy Corporation, together with its subsidiaries, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Egypt and Canada. It holds working interests in West Gharib, West Bakr, North West Gharib, South Alamein, South Ghazalat, and North West Sitra production sharing concessions.

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