Somewhat Favorable News Coverage Somewhat Unlikely to Impact TransGlobe Energy (TGA) Stock Price

News stories about TransGlobe Energy (NASDAQ:TGA) (TSE:TGL) have been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransGlobe Energy earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.6909456221253 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered TransGlobe Energy from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered TransGlobe Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st.

TransGlobe Energy (NASDAQ TGA) opened at $1.47 on Friday. TransGlobe Energy has a 12-month low of $1.07 and a 12-month high of $1.86. The stock has a market capitalization of $106.14, a P/E ratio of -0.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.38 and a current ratio of 2.78.

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About TransGlobe Energy

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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