Janus Henderson Group PLC increased its holdings in shares of TransGlobe Energy Co. (NASDAQ:TGA) (TSE:TGL) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,585,000 shares of the basic materials company’s stock after acquiring an additional 235,000 shares during the period. Janus Henderson Group PLC owned about 0.09% of TransGlobe Energy worth $22,073,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. ClariVest Asset Management LLC acquired a new position in TransGlobe Energy in the third quarter valued at about $138,000. Spark Investment Management LLC boosted its position in TransGlobe Energy by 113.0% in the second quarter. Spark Investment Management LLC now owns 138,000 shares of the basic materials company’s stock valued at $382,000 after buying an additional 73,200 shares in the last quarter. Acadian Asset Management LLC acquired a new position in TransGlobe Energy in the second quarter valued at about $732,000. FMR LLC boosted its position in TransGlobe Energy by 1,249.0% in the second quarter. FMR LLC now owns 337,255 shares of the basic materials company’s stock valued at $934,000 after buying an additional 312,255 shares in the last quarter. Finally, EAM Investors LLC acquired a new position in TransGlobe Energy in the third quarter valued at about $1,143,000. Institutional investors and hedge funds own 44.88% of the company’s stock.
A number of equities analysts have commented on the stock. ValuEngine lowered shares of TransGlobe Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. BidaskClub lowered shares of TransGlobe Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. TheStreet upgraded shares of TransGlobe Energy from a “d” rating to a “c” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of TransGlobe Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. One 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 company’s stock. TransGlobe Energy currently has an average rating of “Hold” and a consensus target price of $2.75.
NASDAQ:TGA opened at $1.96 on Friday. The stock has a market capitalization of $153.80 million, a price-to-earnings ratio of -7.00 and a beta of 1.20. TransGlobe Energy Co. has a 12 month low of $1.21 and a 12 month high of $4.13. The company has a current ratio of 2.59, a quick ratio of 2.35 and a debt-to-equity ratio of 0.27.
TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) last released its quarterly earnings results on Thursday, November 8th. The basic materials company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.27). The firm had revenue of $42.63 million during the quarter. TransGlobe Energy had a negative net margin of 7.35% and a negative return on equity of 2.03%. Research analysts predict that TransGlobe Energy Co. will post 0.51 earnings per share for the current fiscal year.
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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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