Does TransGlobe Energy Corporation Have Any Gas After Today’s Huge Decline?


The stock of TransGlobe Energy Corporation (TSE:TGL) is a huge mover today! About 40,344 shares traded hands. TransGlobe Energy Corporation (TSE:TGL) has risen 58.96% since February 5, 2016 and is uptrending. It has outperformed by 42.47% the S&P500.
The move comes after 9 months negative chart setup for the $180.32M company. It was reported on Sep, 13 by We have $2.31 PT which if reached, will make TSE:TGL worth $18.03M less.

Out of 4 analysts covering Transglobe Energy Corporation (TSE:TGL), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. Transglobe Energy Corporation has been the topic of 8 analyst reports since September 29, 2015 according to StockzIntelligence Inc.

TransGlobe Energy Corporation is an oil exploration and production company. The company has a market cap of $180.32 million. The Company’s activities are concentrated in the Arab Republic of Egypt . It currently has negative earnings. The Firm conducts its activities through the Arab Republic of Egypt segment.

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