What’s TransGlobe Energy Corporation Downside After Today’s Huge Decline?

 What's TransGlobe Energy Corporation Downside After Today's Huge Decline?

The stock of TransGlobe Energy Corporation (TSE:TGL) is a huge mover today! About 19,805 shares traded hands. TransGlobe Energy Corporation (TSE:TGL) has risen 25.00% since March 10, 2016 and is uptrending. It has outperformed by 19.39% the S&P500.
The move comes after 5 months negative chart setup for the $196.37M company. It was reported on Oct, 17 by Barchart.com. We have $2.43 PT which if reached, will make TSE:TGL worth $21.60M less.

TransGlobe Energy Corporation (TSE:TGL) Ratings Coverage

Out of 5 analysts covering TransGlobe Energy Corp. (TSE:TGL), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. $6.50 is the highest target while $1.50 is the lowest. The $3.94 average target is 44.32% above today’s ($2.73) stock price. TransGlobe Energy Corp. has been the topic of 13 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Paradigm Research upgraded the shares of TGL in a report on Monday, October 5 to “Buy” rating. The stock has “Sector Underperformer” rating given by IBC on Thursday, January 14. The stock of TransGlobe Energy Corporation (TSE:TGL) has “Buy” rating given on Friday, August 14 by TD Securities.

More notable recent TransGlobe Energy Corporation (TSE:TGL) news were published by: Marketwired.com which released: “TransGlobe Energy Corporation Announces Mid-Year (June 30, 2016) Reserves and …” on October 03, 2016, also Marketwatch.com with their article: “TransGlobe Energy Corp.” published on February 22, 2011, Marketwired.com published: “TransGlobe Energy Corporation Announces Access to South Alamein and Proposed …” on September 08, 2016. More interesting news about TransGlobe Energy Corporation (TSE:TGL) were released by: Marketwired.com and their article: “TransGlobe Energy Corporation Announces Mid-Quarter Update for Q2 2016” published on June 22, 2016 as well as Marketwired.com‘s news article titled: “TransGlobe Energy Corporation 2015 Guidance and Corporate Update” with publication date: January 09, 2015.

TransGlobe Energy Corporation is an oil exploration and production company. The company has a market cap of $196.37 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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