TransGlobe Energy Corporation with ticker code (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 average target price we see 2.17. With the stocks previous close at 0.6 this is indicating there is a potential upside of 261.7%. There is a 50 day moving average of 0.58 and the 200 day moving average is 0.8. The company has a market cap of $44m. Visit the company website 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.