TransGlobe Energy Co. (NASDAQ:TGA)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research note issued on Thursday.

A number of other research firms have also recently weighed in on TGA. Zacks Investment Research raised TransGlobe Energy from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Scotiabank reaffirmed a “sector perform” rating and set a $3.50 price objective on shares of TransGlobe Energy in a research report on Saturday, June 25th. Finally, TD Securities reaffirmed a “buy” rating and set a $3.75 price objective (up from $3.50) on shares of TransGlobe Energy in a research report on Monday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.05.

Shares of TransGlobe Energy (NASDAQ:TGA) opened at 1.93 on Thursday. The company’s market capitalization is $139.36 million. TransGlobe Energy has a 12 month low of $1.00 and a 12 month high of $3.12. The stock’s 50 day moving average price is $1.84 and its 200 day moving average price is $1.78.

TransGlobe Energy (NASDAQ:TGA) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.07. On average, analysts forecast that TransGlobe Energy will post ($0.50) EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TGA. Boston Partners increased its stake in TransGlobe Energy by 9.7% in the second quarter. Boston Partners now owns 398,841 shares of the company’s stock worth $730,000 after buying an additional 35,195 shares during the last quarter. Spark Investment Management LLC increased its stake in TransGlobe Energy by 21.4% in the first quarter. Spark Investment Management LLC now owns 244,000 shares of the company’s stock worth $407,000 after buying an additional 43,000 shares during the last quarter. Ifrah Financial Services Inc. increased its stake in TransGlobe Energy by 2.7% in the second quarter. Ifrah Financial Services Inc. now owns 96,088 shares of the company’s stock worth $176,000 after buying an additional 2,548 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in TransGlobe Energy by 25.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 116,539 shares of the company’s stock worth $193,000 after buying an additional 23,328 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in TransGlobe Energy by 27.1% in the first quarter. Renaissance Technologies LLC now owns 1,092,500 shares of the company’s stock worth $1,814,000 after buying an additional 233,100 shares during the last quarter.

About TransGlobe Energy

TransGlobe Energy Corporation is an oil exploration and production company. The Company’s activities are concentrated in the Arab Republic of Egypt (Egypt). The Company conducts its operations through the Arab Republic of Egypt segment. The Company is primarily engaged in oil exploration, development, production and the acquisition of properties.

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