Canaccord Genuity Reiterates a 'Buy' on TransGlobe Energy (TGA); Adding to Egypt
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Price: $3.72 --0%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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Canaccord Genuity reiterates a 'Buy' on TransGlobe Energy (NASDAQ: TGA), PT increased to C$20.25 from C$19.50.
Canaccord analyst says, "With constitutional change settling recent unrest in Egypt, we reiterate our rating but are increasing our target price. TransGlobe continues to delineate a developing Nukhul Formation oil discovery on the company’s West Gharib Concession (eastern Egypt) and adds to this core area with the new West Bakr Concession acquisition."
For more ratings news on TransGlobe Energy click here and for the rating history of TransGlobe Energy click here.
Shares of TransGlobe Energy closed at $14.60 yesterday.
Canaccord analyst says, "With constitutional change settling recent unrest in Egypt, we reiterate our rating but are increasing our target price. TransGlobe continues to delineate a developing Nukhul Formation oil discovery on the company’s West Gharib Concession (eastern Egypt) and adds to this core area with the new West Bakr Concession acquisition."
For more ratings news on TransGlobe Energy click here and for the rating history of TransGlobe Energy click here.
Shares of TransGlobe Energy closed at $14.60 yesterday.
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