TransGlobe Energy Co. (TGL) Receives C$3.44 Consensus Price Target from Analysts

Shares of TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) have received an average recommendation of “Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$3.44.

A number of equities research analysts have recently issued reports on TGL shares. Scotiabank reaffirmed a “sector perform” rating and issued a C$3.25 target price on shares of TransGlobe Energy in a report on Thursday, March 9th. TD Securities reaffirmed a “buy” rating and issued a C$3.25 target price on shares of TransGlobe Energy in a report on Friday, March 10th.

Shares of TransGlobe Energy (TGL) traded up 14.29% during midday trading on Tuesday, hitting $1.84. The stock had a trading volume of 394,826 shares. The company’s 50 day moving average price is $1.96 and its 200-day moving average price is $2.16. TransGlobe Energy has a 1-year low of $1.59 and a 1-year high of $2.85. The firm’s market capitalization is $132.86 million.

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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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