TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.
TGA stock opened at $1.67 on Monday. The company has a market capitalization of $125.49 million, a P/E ratio of 3.71 and a beta of 1.09. TransGlobe Energy has a 12-month low of $1.48 and a 12-month high of $4.13. The company has a current ratio of 2.47, a quick ratio of 2.51 and a debt-to-equity ratio of 0.23.
TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) last released its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.12) earnings per share for the quarter. The firm had revenue of $69.22 million for the quarter. TransGlobe Energy had a net margin of 6.72% and a return on equity of 2.79%. As a group, analysts forecast that TransGlobe Energy will post 0.82 EPS for the current year.
TransGlobe Energy Company Profile
TransGlobe Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds an interest in five production sharing concessions, including West Gharib, West Bakr, South Alamein, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada.
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