Transglobe Energy (TGL) Given “Sector Perform” Rating at Scotiabank

Transglobe Energy (TSE:TGL) (NYSE:TGA)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a note issued to investors on Tuesday. They presently have a C$3.00 price target on the stock. Scotiabank’s price target suggests a potential upside of 69.49% from the company’s previous close.

Separately, Canaccord Genuity lifted their price target on shares of Transglobe Energy from C$3.00 to C$3.50 in a research note on Wednesday, April 11th.

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TGL opened at C$1.77 on Tuesday. Transglobe Energy has a 1-year low of C$1.30 and a 1-year high of C$2.37.

Transglobe Energy (TSE:TGL) (NYSE:TGA) last posted its quarterly earnings results on Wednesday, March 7th. The company reported C$0.09 earnings per share for the quarter, beating the consensus estimate of C($0.06) by C$0.15. Transglobe Energy had a negative net margin of 15.28% and a negative return on equity of 12.83%. The firm had revenue of C$92.66 million during the quarter, compared to the consensus estimate of C$84.41 million.

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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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