Scotiabank Reaffirms “Sector Perform” Rating for TransGlobe Energy Co. (TGL)

Scotiabank restated their sector perform rating on shares of TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) in a research report report published on Friday morning. The firm currently has a C$2.75 target price on the stock.

Shares of TransGlobe Energy (TGL) opened at C$1.91 on Friday. TransGlobe Energy has a one year low of C$1.30 and a one year high of C$2.70.

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In related news, insider Randy Neely bought 35,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average price of C$1.45 per share, for a total transaction of C$50,750.00.

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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