Insider Buying: TransGlobe Energy Co. (TGL) Director Buys C$37,100.00 in Stock

TransGlobe Energy Co. (TSE:TGL) (NYSE:TGA) Director David Bruce Cook purchased 17,500 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was bought at an average cost of C$2.12 per share, for a total transaction of C$37,100.00.

David Bruce Cook also recently made the following trade(s):

  • On Friday, November 30th, David Bruce Cook purchased 32,289 shares of TransGlobe Energy stock. The stock was bought at an average cost of C$2.10 per share, for a total transaction of C$67,806.90.

TSE TGL opened at C$2.67 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.59 and a debt-to-equity ratio of 27.30. TransGlobe Energy Co. has a 12-month low of C$1.55 and a 12-month high of C$5.45.

TransGlobe Energy (TSE:TGL) (NYSE:TGA) last posted its quarterly earnings data on Thursday, November 8th. The company reported C($0.12) earnings per share (EPS) for the quarter. The firm had revenue of C$55.72 million for the quarter. As a group, sell-side analysts predict that TransGlobe Energy Co. will post 0.7 earnings per share for the current year.

Separately, Royal Bank of Canada lifted their price target on shares of TransGlobe Energy from C$4.30 to C$5.00 and gave the company an “outperform” rating in a research note on Thursday, August 16th.

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TransGlobe Energy Company Profile

TransGlobe Energy Corporation, together with its subsidiaries, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in Egypt and Canada. It holds working interests in West Gharib, West Bakr, North West Gharib, South Alamein, South Ghazalat, and North West Sitra production sharing concessions.

Further Reading: Compound Interest

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