TransGlobe Energy Co. to Issue Semi-Annual Dividend of $0.05 (TSE:TGL)

TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) declared a Semi-Annual dividend on Monday, August 12th, Zacks reports. Investors of record on Friday, August 30th will be given a dividend of 0.046 per share on Friday, September 13th. The ex-dividend date of this dividend is Thursday, August 29th.

Shares of TGL stock traded up C$0.05 during midday trading on Tuesday, hitting C$1.99. The company had a trading volume of 20,900 shares, compared to its average volume of 61,855. The stock has a 50 day simple moving average of C$1.87. TransGlobe Energy has a 52-week low of C$1.74 and a 52-week high of C$5.01. The firm has a market capitalization of $136.29 million and a PE ratio of 8.60. The company has a debt-to-equity ratio of 24.14, a quick ratio of 2.00 and a current ratio of 2.47.

TransGlobe Energy (TSE:TGL) (NYSE:TGA) last announced its earnings results on Monday, May 13th. The company reported C($0.16) earnings per share for the quarter. The business had revenue of C$92.03 million during the quarter. Analysts forecast that TransGlobe Energy will post 0.34 EPS for the current fiscal year.



In other TransGlobe Energy news, Senior Officer Edward Dale Ok purchased 20,000 shares of TransGlobe Energy stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of C$1.89 per share, with a total value of C$37,884.00. Following the acquisition, the insider now directly owns 45,615 shares of the company’s stock, valued at C$86,403.93. Also, Director Randy Neely purchased 25,000 shares of TransGlobe Energy stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of C$1.89 per share, with a total value of C$47,250.00. Following the completion of the acquisition, the director now directly owns 175,300 shares in the company, valued at C$331,317.

TransGlobe Energy Company Profile

TransGlobe Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds an interest in five production sharing concessions, including West Gharib, West Bakr, South Alamein, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada.

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Dividend History for TransGlobe Energy (TSE:TGL)

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