TransGlobe Energy Corporation – Consensus Indicates Potential 4.8% Upside

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. Now with the previous closing price of 2.07 this is indicating there is a potential upside of 4.8%. There is a 50 day moving average of 1.79 and the 200 day MA is 1.72. The market cap for the company is $144m. You can visit the company’s website by visiting: 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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