TransGlobe Energy (TSE:TGL) Stock Price Passes Below 200 Day Moving Average of $1.76

TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.76 and traded as low as $1.59. TransGlobe Energy shares last traded at $1.60, with a volume of 53,261 shares trading hands.

Separately, Royal Bank of Canada dropped their target price on shares of TransGlobe Energy from C$4.50 to C$4.00 in a research report on Monday, October 21st.

The firm’s 50-day simple moving average is C$1.78 and its 200 day simple moving average is C$1.76. The company has a market cap of $119.69 million and a P/E ratio of 3.32. The company has a debt-to-equity ratio of 19.79, a quick ratio of 2.03 and a current ratio of 2.94.

TransGlobe Energy (TSE:TGL) (NYSE:TGA) last released its quarterly earnings data on Wednesday, October 30th. The company reported C$0.05 EPS for the quarter. The firm had revenue of C$41.30 million during the quarter. As a group, research analysts forecast that TransGlobe Energy Co. will post 0.19 earnings per share for the current year.

About TransGlobe Energy (TSE:TGL)

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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