During the last session, TransGlobe Energy Corporation (NASDAQ:TGA)’s traded shares were 1.35 million, with the beta value of the company hitting 2.22. At the end of the trading day, the stock’s price was $3.65, reflecting an intraday loss of -8.98% or -$0.36. The 52-week high for the TGA share is $5.50, that puts it down -50.68 from that peak though still a striking 59.73% gain since the share price plummeted to a 52-week low of $1.47. The company’s market capitalization is $284.41M, and the average intraday trading volume over the past 10 days was 1.6 million shares, and the average trade volume was 1.03 million shares over the past three months.
TransGlobe Energy Corporation (NASDAQ:TGA) trade information
TransGlobe Energy Corporation (TGA) registered a -8.98% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.98% in intraday trading to $3.65 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -15.90%, and it has moved by -15.90% in 30 days. Based on these gigs, the overall price performance for the year is 96.24%. The short interest in TransGlobe Energy Corporation (NASDAQ:TGA) is 0.26 million shares and it means that shorts have 0.28 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.09, which implies an increase of 40.07% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.09 and $6.09 respectively. As a result, TGA is trading at a discount of -66.85% off the target high and -66.85% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.70%. While earnings are projected to return 151.70% in 2022, the next five years will return -13.14% per annum.
TransGlobe Energy Corporation is due to release its next quarterly earnings between March 10 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for TransGlobe Energy Corporation is 0.40, with the dividend yield indicating at 10.96 percent, continuing the trend of increasing dividends in recent years.
TransGlobe Energy Corporation (NASDAQ:TGA)’s Major holders
TransGlobe Energy Corporation insiders own 9.25% of total outstanding shares while institutional holders control 27.93%, with the float percentage being 30.78%. Invesco Ltd. is the largest shareholder of the company, while 62 institutions own stock in it. As of Dec 30, 2021, the company held over 6.23 million shares (or 8.51% of all shares), a total value of $18.75 million in shares.
The next largest institutional holding, with 6.23 million shares, is of Invesco Ltd.’s that is approximately 8.51% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $18.75 million.
Also, the Mutual Funds coming in first place with the largest holdings of TransGlobe Energy Corporation (TGA) shares are Invesco International Small Company Fund and DFA International Small Cap Value Portfolio. Data provided on Dec 30, 2021 indicates that Invesco International Small Company Fund owns about 3.4 million shares. This amounts to just over 4.65 percent of the company’s overall shares, with a $10.24 million market value. The same data shows that the other fund manager holds slightly less at 0.28 million, or about 0.38% of the stock, which is worth about $0.82 million.