Scotiabank Reiterates “C$2.75” Price Target for TransGlobe Energy (TSE:TGL)

Scotiabank set a C$2.75 price objective on TransGlobe Energy (TSE:TGL) (NYSE:TGA) in a research note released on Thursday, January 11th. The firm currently has a sector perform rating on the stock.

TransGlobe Energy (TSE:TGL) remained flat at $C$1.84 during mid-day trading on Thursday. The company’s stock had a trading volume of 22,400 shares, compared to its average volume of 72,271. The stock has a market cap of $132.67, a P/E ratio of -0.97 and a beta of 0.48. TransGlobe Energy has a 1 year low of C$1.30 and a 1 year high of C$2.42.

TransGlobe Energy (TSE:TGL) (NYSE:TGA) last released its earnings results on Thursday, November 9th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.02). TransGlobe Energy had a negative return on equity of 12.83% and a negative net margin of 15.28%.

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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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