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A statement released earlier today by Dundee Securities about Transglobe Energy (TSE:TGL) bumps the target price to $4.25

In a report released on 8/16/2016 Dundee Securities bumped up the target price of Transglobe Energy (TSE:TGL) from $4 to $4 stating a possible upside of 0.69%.

On Thursday June 23 2016, Scotia Capital released a statement on Transglobe Energy(TSE:TGL) upped the target price from $0.00 to $3.50. At the time, this suggested an upside of 0.43%.

Just yesterday Transglobe Energy (TSE:TGL) traded 0.78% lower at $2.51. TGL’s 50-day average is $2.43 and its two hundred day average is $2.32. The last close is up 10.03% relative to the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same time period. Volume of trade was was up over the average, with 109,270 shares of TGL changing hands over the typical 64,871 shares..

Recent Performance Graph:

Transglobe Energy (TSE:TGL)

Transglobe Energy has a one-year low of $1.45 and a one-year high of $4.06. The company’s market cap is currently $0.0.

A total of 9 firms have issued a ratings update on the stock. Zero rate the stock a strong buy, 0 rate the company a buy, 0 analysts rate the company a hold, 0 rate the stock to underperform, and lastly 0 firmsrate the stock as sell with an average target of $3.31

General Information About Transglobe Energy (TSE:TGL)

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. It holds interests in various production sharing concessions (PSC) in Eastern Desert Egypt and Western Desert Egypt. Its blocks in Eastern Desert Egypt include West Gharib, which covers approximately 34, 860 acres; West Bakr, covering over 11, 600 acres; North West (NW) Gharib, covering approximately 162, 000 acres; South East (SE) Gharib, which covers over 125, 650 acres, and South West (SW) Gharib, covering approximately 48, 310 acres. Its blocks in the Western Desert Egypt include South Alamein, covering approximately 335, 830 acres; South Ghazalat, covering over 465, 300 acres, and North West (NW) Sitra, covering approximately 480, and 850 acres.

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