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A statement released earlier today by Scotia Capital about Transglobe Energy (TSE:TGL) raises the target price to $2.75

Scotia Capital raised the target price of Transglobe Energy (TSE:TGL) to $2.75 reporting a potential upside of 0.41%.

Previously on 3/10/2017, TD Securities released a statement about Transglobe Energy (TSE:TGL) increased the target price from $0.00 to $3.25. At the time, this indicated a possible upside of 0.50%.

Only yesterday Transglobe Energy (TSE:TGL) traded -0.50% lower at $1.95. Transglobe Energy’s 50-day average is $1.64 and its two hundred day average is $1.80. With the last close up 10.86% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the date range. Volume of trade was up over the average, with 430,595 shares of TGL changing hands over the typical 79,610

Performance Chart

Transglobe Energy (TSE:TGL)

Transglobe Energy has 52 week low of $1.30 and a 52 week high of $2.83 and has a market capitalization of $0.

Also covering Transglobe Energy's target, a total of 8 equity analysts have released a research note on TGL. The one year stock price target is $3.19 with 2 brokerages rating the stock a strong buy, three analysts rating the company a buy, three brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell.

Brief Synopsis 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 480,850 acres.

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