The stock of TransGlobe Energy Corporation (TSE:TGL) is a huge mover today! About 44,565 shares traded hands. TransGlobe Energy Corporation (TSE:TGL) has declined 5.20% since April 27, 2016 and is downtrending. It has underperformed by 11.13% the S&P500.
The move comes after 7 months positive chart setup for the $195.26M company. It was reported on Dec, 1 by Barchart.com. We have $2.82 PT which if reached, will make TSE:TGL worth $17.57M more.
TransGlobe Energy Corporation (TSE:TGL) Ratings Coverage
Out of 6 analysts covering TransGlobe Energy Corp. (TSE:TGL), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. $6.50 is the highest target while $1.50 is the lowest. The $3.76 average target is 45.17% above today’s ($2.59) stock price. TransGlobe Energy Corp. has been the topic of 15 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Tuesday, November 8 by Scotia Capital. TD Securities maintained TransGlobe Energy Corporation (TSE:TGL) rating on Friday, August 14. TD Securities has “Buy” rating and $6 price target. As per Monday, October 5, the company rating was upgraded by Paradigm Research. The rating was downgraded by IBC to “Sector Underperformer” on Thursday, January 14.
More important recent TransGlobe Energy Corporation (TSE:TGL) news were published by: Marketwired.com which released: “TransGlobe Energy Corporation Announces Access to South Alamein and Proposed …” on September 08, 2016, also Marketwatch.com published article titled: “TransGlobe Energy Corp.”, Marketwired.com published: “TransGlobe Energy Corporation Announces Mid-Year (June 30, 2016) Reserves and …” on October 03, 2016. More interesting news about TransGlobe Energy Corporation (TSE:TGL) was released by: Marketwired.com and their article: “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 $195.26 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.
TGL.TO Company Profile
TransGlobe Energy Corporation, incorporated on August 6, 1968, is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Firm conducts its activities through the Arab Republic of Egypt segment. The Firm is primarily engaged in oil exploration, development, production and the acquisition of properties.
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