Is TransGlobe Energy Corporation (TGA) A Risky Investment?

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KOSK
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TransGlobe Energy Corporation (NASDAQ:TGA) traded with an addition of $0.05 to $2.97 on Thursday, an upside of 1.71 percent. An average of 744,273 shares of common stock have been traded in the last five days. There was a fall of -$0.09 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 852,083 shares traded, while the 50-day average volume stands at 1,045,955.

TGA stock has decreased by -11.78% in the last month. The company shares reached their 1-month lowest point of $2.86 on 09/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $1.91 and a high of $5.50 in 52 weeks. It has reached a new high 21 times so far this year and lost -2.99% or -$0.02 in price. In spite of this, the price is down -46.00% from the 52-week high.


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Valuation Metrics

TransGlobe Energy Corporation (TGA) has a trailing price-to-earnings (P/E) ratio of 1.73. The stock’s beta is 2.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.94, the price-to-book (PB) ratio at 0.85, and the price-to-cash flow ratio at 4.94.

The company’s most recent quarterly dividend payment was $0.10 a share, representing a up of 185.71% from $0.0350 last year. Its latest increase dividend $0.0650 reported on Friday March 18 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.02 for the recent quarter. Its gross profit as reported stood at $107.62 million compared to revenue of $169.05 million.

Earnings Surprise

For the recent quarter, TransGlobe Energy Corporation had $1.01 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $15.68 million in the quarter, while revenues were grew 100.0%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at TransGlobe Energy Corporation (TGA) price momentum. RSI 9-day as of the close on 21 September was 39.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.20%.

As of today, TGA’s price is $3.01 -2.92% or -$0.09 from its 5-day moving average. TGA is currently trading -14.57% lower than its 20-day SMA and -31.58% lower than its 100-day SMA. However, the stock’s current price level is -5.97% below the SMA50 and +12.41% above the SMA200.

The stochastic %K and %D were 19.61% and 22.34%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 30.59% and the average true range at 0.17, the RSI (14) stands at 40.60%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.

Analyst Ratings

Raymond James downgraded TransGlobe Energy Corporation (NASDAQ: TGA) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for TransGlobe Energy Corporation (TGA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TGA, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is TGA’s price target for the next 12 months?

Analysts predict a range of price targets between $6.09 and $6.09, with a median target of $6.09. Taking a look at these predictions, the average price target given by analysts for TransGlobe Energy Corporation (TGA) stock is $6.09.

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