Transglobe Energy Corp (TGA) to Release Earnings on Monday

Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) is scheduled to be posting its quarterly earnings results before the market opens on Monday, August 14th. Analysts expect Transglobe Energy Corp to post earnings of ($0.02) per share for the quarter.

Transglobe Energy Corp (NASDAQ:TGA) (TSE:TGL) last released its earnings results on Thursday, May 11th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.12. The business had revenue of $22.49 million during the quarter. Transglobe Energy Corp had a negative return on equity of 14.84% and a negative net margin of 96.36%. On average, analysts expect Transglobe Energy Corp to post $-0.22 EPS for the current fiscal year and $-0.22 EPS for the next fiscal year.

Shares of Transglobe Energy Corp (NASDAQ:TGA) opened at 1.19 on Friday. Transglobe Energy Corp has a 52-week low of $1.17 and a 52-week high of $2.25. The stock has a 50 day moving average of $1.31 and a 200-day moving average of $1.49. The stock’s market capitalization is $85.92 million.

Separately, Zacks Investment Research lowered Transglobe Energy Corp from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.67.

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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.

Earnings History for Transglobe Energy Corp (NASDAQ:TGA)

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