Transglobe Energy Stock News

The new contract was finally approved. The stocked soared on the news.

This company has a profitable business under current industry conditions.

The future growth opportunities far exceed downside risks. A strong working capital balance with low or negative net debt provides considerable downside protection.

Energy stocks are likely to keep outperforming in 2022. Many have favorable valuations, and could outperform during times of rising rates.

TransGlobe Energy: A Big Day For The Stock

Transglobe Energy (LON:TGA)s stock had its buy rating reissued by research analysts at Liberum Capital in a report released on Tuesday, Analyst Price Targets reports. They presently have a GBX 510 ($6.74) target price on the stock. Liberum Capitals target price indicates a potential upside of 31.99% from the companys current price. TGA stock opened []

Shares of TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.63 and traded as high as C$3.56. TransGlobe Energy shares last traded at C$3.42, with a volume of 99,252 shares changing hands. Separately, Canaccord Genuity reaffirmed a buy rating []

Liberum Capital reissued their buy rating on shares of Transglobe Energy (LON:TGA) in a research report released on Tuesday, Analyst Ratings Network reports. The brokerage currently has a GBX 480 ($6.27) price objective on the stock. TGA opened at GBX 293.60 ($3.84) on Tuesday. The firm has a 50 day simple moving average of GBX []

Liberum Capital restated their buy rating on shares of Transglobe Energy (LON:TGA) in a research report sent to investors on Tuesday, Price Targets.com reports. The brokerage currently has a GBX 480 ($6.27) price objective on the stock. Shares of TGA opened at GBX 303.40 ($3.96) on Tuesday. Transglobe Energy has a twelve month low of []

Shares of TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.10 and last traded at C$4.05, with a volume of 84678 shares changing hands. The stock had previously closed at C$3.96. Separately, Canaccord Genuity restated a buy rating and issued a []

The new contract with Egypt is far more profitable. The new contract also runs for a longer term.

Winter is coming and with it a new oil boom. Oil stocks have been rising all day as a result, despite warning signs of an energy crisis.