TransGlobe Energy Corporation – Consensus Indicates Potential 294.5% Upside

Broker Ratings

TransGlobe Energy Corporation with ticker code (TGA) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 2.36 and 1.98 calculating the mean target price we have 2.17. Given that the stocks previous close was at 0.55 this now indicates there is a potential upside of 294.5%. The 50 day moving average now sits at 0.59 and the 200 day MA is 0.61. The market cap for the company is $40m. Visit the company website at: http://www.trans-globe.com

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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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