TransGlobe Energy Corporation – Consensus Indicates Potential 404.7% Upside

Broker Ratings

TransGlobe Energy Corporation found using ticker (TGA) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 2.36 and 1.98 calculating the mean target price we have 2.17. Now with the previous closing price of 0.43 this indicates there is a potential upside of 404.7%. The day 50 moving average is 0.42 and the 200 day moving average is 0.52. The company has a market cap of $31m. Company Website: 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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