TransGlobe Energy (TGL) Given New GBX 250 Price Target at Canaccord Genuity

TransGlobe Energy (LON:TGL) had its price target decreased by Canaccord Genuity from GBX 260 ($3.40) to GBX 250 ($3.27) in a report published on Tuesday, April 9th, LSE.Co.UK reports. Canaccord Genuity currently has a buy rating on the stock.

Shares of TGL remained flat at $GBX 150 ($1.96) during midday trading on Tuesday. TransGlobe Energy has a 1-year low of GBX 140 ($1.83) and a 1-year high of GBX 285 ($3.72). The stock has a market cap of $108.31 million and a PE ratio of 6.91. The company has a debt-to-equity ratio of 23.77, a quick ratio of 2.28 and a current ratio of 2.82.

The business also recently declared a dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, March 28th. This represents a yield of 1.64%. TransGlobe Energy’s dividend payout ratio is currently 0.51%.

About TransGlobe Energy

TransGlobe Energy Corporation, together with its subsidiaries, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Egypt and Canada. It holds working interests in West Gharib, West Bakr, North West Gharib, South Alamein, South Ghazalat, and North West Sitra production sharing concessions.

See Also: Book Value Per Share – BVPS

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