Somewhat Positive Press Coverage Somewhat Unlikely to Impact TransGlobe Energy (TGA) Stock Price

News stories about TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransGlobe Energy earned a news impact score of 0.15 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.6909456221253 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded TransGlobe Energy from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded TransGlobe Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st.

Shares of TransGlobe Energy (TGA) opened at $1.47 on Friday. TransGlobe Energy has a twelve month low of $1.07 and a twelve month high of $1.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.78 and a quick ratio of 2.38. The firm has a market capitalization of $106.14, a P/E ratio of -0.95 and a beta of 0.77.

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TransGlobe Energy Company Profile

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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