O Shaughnessy Asset Management LLC bought a new stake in shares of TransGlobe Energy Co. (NASDAQ:TGA) (TSE:TGL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 511,880 shares of the basic materials company’s stock, valued at approximately $1,692,000. O Shaughnessy Asset Management LLC owned 0.71% of TransGlobe Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of TransGlobe Energy by 52.4% in the second quarter. Renaissance Technologies LLC now owns 2,919,767 shares of the basic materials company’s stock worth $8,087,000 after acquiring an additional 1,004,367 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of TransGlobe Energy by 570.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 699,235 shares of the basic materials company’s stock worth $1,935,000 after acquiring an additional 595,000 shares during the period. Acadian Asset Management LLC raised its position in shares of TransGlobe Energy by 112.9% in the third quarter. Acadian Asset Management LLC now owns 562,768 shares of the basic materials company’s stock worth $1,881,000 after acquiring an additional 298,450 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of TransGlobe Energy in the third quarter worth about $1,166,000. Finally, FMR LLC raised its position in shares of TransGlobe Energy by 1,249.0% in the second quarter. FMR LLC now owns 337,255 shares of the basic materials company’s stock worth $934,000 after acquiring an additional 312,255 shares during the period. Institutional investors own 36.16% of the company’s stock.

A number of brokerages have weighed in on TGA. ValuEngine downgraded shares of TransGlobe Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. TheStreet raised shares of TransGlobe Energy from a “d” rating to a “c” rating in a research note on Friday, September 7th. BidaskClub cut shares of TransGlobe Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Finally, Zacks Investment Research cut shares of TransGlobe Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $2.75.

TGA stock opened at $2.11 on Tuesday. The stock has a market cap of $156.68 million, a PE ratio of -7.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.59 and a quick ratio of 2.35. TransGlobe Energy Co. has a 52 week low of $1.21 and a 52 week high of $4.13.

TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) last released its earnings results on Thursday, November 8th. The basic materials company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.27). The company had revenue of $42.63 million for the quarter. TransGlobe Energy had a negative return on equity of 2.03% and a negative net margin of 7.35%. As a group, equities analysts anticipate that TransGlobe Energy Co. will post 0.51 EPS for the current fiscal year.

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TransGlobe Energy Company Profile

TransGlobe Energy Corporation, together with its subsidiaries, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Egypt and Canada. It holds working interests in West Gharib, West Bakr, North West Gharib, South Alamein, South Ghazalat, and North West Sitra production sharing concessions.

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Institutional Ownership by Quarter for TransGlobe Energy (NASDAQ:TGA)

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