TransGlobe Energy (TGL) to Release Earnings on Tuesday

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TransGlobe Energy (TSE:TGL) (NYSE:TGA) will be announcing its earnings results before the market opens on Tuesday, August 14th.

TransGlobe Energy (TSE:TGL) (NYSE:TGA) last posted its quarterly earnings data on Thursday, May 10th. The company reported C($0.18) earnings per share for the quarter. The firm had revenue of C$66.94 million during the quarter. TransGlobe Energy had a negative net margin of 15.28% and a negative return on equity of 12.83%.

TransGlobe Energy opened at C$4.20 on Monday, MarketBeat Ratings reports. TransGlobe Energy has a 1-year low of C$1.30 and a 1-year high of C$5.45.

In other news, Director Ross Gordon Clarkson sold 43,949 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of C$3.10, for a total transaction of C$136,241.90.

A number of equities analysts have weighed in on TGL shares. Royal Bank of Canada raised shares of TransGlobe Energy from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$3.00 to C$4.00 in a research report on Thursday, May 17th. Scotiabank upped their price objective on shares of TransGlobe Energy from C$3.00 to C$3.25 and gave the company a “sector perform” rating in a research report on Friday, May 11th. Finally, Canaccord Genuity upped their price objective on shares of TransGlobe Energy from C$3.75 to C$6.00 in a research report on Tuesday, July 10th.

TransGlobe Energy Company Profile

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.

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Earnings History for TransGlobe Energy (TSE:TGL)

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