TransGlobe Energy (TSE:TGL) Given Sector Perform Rating at Scotiabank

Scotiabank reaffirmed their sector perform rating on shares of TransGlobe Energy (TSE:TGL) (NYSE:TGA) in a research note released on Thursday, March 8th. Scotiabank currently has a C$2.75 price objective on the stock.

TransGlobe Energy (TGL) traded down C$0.01 on Thursday, reaching C$1.74. The company had a trading volume of 24,100 shares, compared to its average volume of 46,864. The company has a market cap of $126.26, a price-to-earnings ratio of -1.23 and a beta of 0.55. TransGlobe Energy has a fifty-two week low of C$1.30 and a fifty-two week high of C$2.37.

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About TransGlobe Energy

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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