Scotiabank Reiterates “Sector Perform” Rating for TransGlobe Energy Co. (TGL)

TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA)‘s stock had its “sector perform” rating restated by equities research analysts at Scotiabank in a report released on Friday. They currently have a C$2.75 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 43.98% from the company’s current price.

Shares of TransGlobe Energy (TSE TGL) opened at C$1.91 on Friday. TransGlobe Energy has a fifty-two week low of C$1.30 and a fifty-two week high of C$2.70.

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In other TransGlobe Energy news, insider Randy Neely bought 35,000 shares of TransGlobe Energy stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average cost of C$1.45 per share, for a total transaction of C$50,750.00.

About TransGlobe Energy

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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