TransGlobe Energy (TSE:TGL) (NYSE:TGA) had its price target boosted by Royal Bank of Canada from C$4.30 to C$5.00 in a research report report published on Thursday. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity boosted their target price on shares of TransGlobe Energy from C$3.75 to C$6.00 in a research report on Tuesday, July 10th. Scotiabank boosted their target price on shares of TransGlobe Energy from C$3.00 to C$3.25 and gave the stock a sector perform rating in a research report on Friday, May 11th.

TSE:TGL opened at C$4.06 on Thursday. TransGlobe Energy has a one year low of C$1.30 and a one year high of C$5.45.

In other news, Director Ross Gordon Clarkson sold 43,949 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of C$3.10, for a total transaction of C$136,241.90.

About TransGlobe Energy

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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