Transglobe Energy Corp (TGA) Given Daily News Sentiment Score of 0.07

Press coverage about Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Transglobe Energy Corp earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.8136192465588 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities research analysts recently weighed in on TGA shares. ValuEngine cut Transglobe Energy Corp from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research cut Transglobe Energy Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Transglobe Energy Corp has an average rating of “Hold” and a consensus target price of $3.50.

Shares of Transglobe Energy Corp (NASDAQ:TGA) opened at $1.50 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.78 and a quick ratio of 2.38. Transglobe Energy Corp has a 12 month low of $1.07 and a 12 month high of $2.03.

Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) last released its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Transglobe Energy Corp had a negative return on equity of 12.56% and a negative net margin of 83.42%. The company had revenue of $40.44 million during the quarter. sell-side analysts predict that Transglobe Energy Corp will post -1.09 EPS for the current fiscal year.

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About Transglobe Energy Corp

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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