TransGlobe Energy (TSE:TGL) PT Lowered to C$4.00

TransGlobe Energy (TSE:TGL) (NYSE:TGA) had its target price reduced by Royal Bank of Canada from C$4.50 to C$4.00 in a research note published on Monday morning, BayStreet.CA reports.

Shares of TGL stock opened at C$1.59 on Monday. The stock has a 50-day moving average price of C$1.78 and a 200 day moving average price of C$2.00. The company has a quick ratio of 2.70, a current ratio of 3.41 and a debt-to-equity ratio of 22.90. The firm has a market cap of $116.79 million and a price-to-earnings ratio of 5.85. TransGlobe Energy has a 12 month low of C$1.58 and a 12 month high of C$3.29.

TransGlobe Energy (TSE:TGL) (NYSE:TGA) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$57.62 million during the quarter. Sell-side analysts predict that TransGlobe Energy will post 0.32 earnings per share for the current fiscal year.

In related news, Director Randy Neely bought 24,700 shares of TransGlobe Energy stock in a transaction on Friday, September 27th. The shares were purchased at an average price of C$1.36 per share, for a total transaction of C$33,567.30. Following the completion of the acquisition, the director now owns 200,000 shares in the company, valued at C$271,800.

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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