News stories about Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Transglobe Energy Corp earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 47.0048297465369 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Transglobe Energy Corp (NASDAQ:TGA) traded up 2.37% during midday trading on Friday, reaching $1.51. 182,452 shares of the company traded hands. The company has a 50 day moving average of $1.28 and a 200 day moving average of $1.38. Transglobe Energy Corp has a 12 month low of $1.07 and a 12 month high of $2.16. The firm’s market capitalization is $109.03 million.

Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) last posted its quarterly earnings data on Monday, August 14th. The basic materials company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.08. Transglobe Energy Corp had a negative net margin of 119.18% and a negative return on equity of 10.87%. The firm had revenue of $40.44 million for the quarter. On average, equities research analysts predict that Transglobe Energy Corp will post ($0.34) earnings per share for the current fiscal year.

Several research firms have recently issued reports on TGA. Zacks Investment Research cut shares of Transglobe Energy Corp from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine cut shares of Transglobe Energy Corp from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $3.50.

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About Transglobe Energy Corp

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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