Today, an analyst has provided a rating update for the Materials sector company, TransGlobe Energy (TGL). Analyst Al Stanton from RBC Capital reiterated a Buy rating, with a C$4.50 price target.
According to TipRanks.com, Stanton is a 5-star analyst with an average return of 18.4% and a 41.4% success rate. Stanton covers the Basic Materials sector, focusing on stocks such as Transglobe Energy Corp, Gran Tierra Energy, and Kosmos Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for TransGlobe Energy.
TransGlobe Energy’s market cap is currently C$187M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.75.
TransGlobe Energy Corp. engages in exploration, development, production, and acquisition of properties. It operates through the following segments: Egypt, Canada, and Corporate.
The company’s shares closed on Monday at C$2.77.
