TransGlobe Energy Corporation – Consensus Indicates Potential 404.7% Upside

Broker Ratings

TransGlobe Energy Corporation with ticker code (TGA) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 2.36 and 1.98 with the average target price sitting at 2.17. Given that the stocks previous close was at 0.43 this is indicating there is a potential upside of 404.7%. The 50 day MA is 0.42 and the 200 day MA is 0.52. The company has a market capitalisation of $31m. 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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