TransGlobe Energy Corporation – Consensus Indicates Potential -17.8% Downside

Broker Ratings

TransGlobe Energy Corporation with ticker code (TGA) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 2.36 and 1.98 with a mean TP of 2.17. Given that the stocks previous close was at 2.64 this indicates there is a potential downside of -17.8%. The 50 day MA is 2.34 and the 200 moving average now moves to 1.87. The market capitalisation for the company is $193m. Find out more information at: http://www.trans-globe.com

TransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds interests in four production sharing concessions, which include West Gharib, West Bakr, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada. TransGlobe Energy Corporation was incorporated in 1968 and is headquartered in Calgary, Canada.

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