TransGlobe Energy Corporation – Consensus Indicates Potential 294.5% Upside

Broker Ratings

TransGlobe Energy Corporation with ticker code (TGA) now have 2 analysts in total covering the stock. The consensus rating is ‘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 0.55 this would imply there is a potential upside of 294.5%. There is a 50 day moving average of 0.59 and the 200 day moving average is 0.61. The company has a market capitalisation of $40m. Company Website: 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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