Markets
TGA

TransGlobe Energy (TGA) Catches Eye: Stock Up 10.3% - Tale of the Tape

TransGlobe Energy Corporation ( TGA ) was a big mover last session, as its shares rose over 10% on the day. The stock rallied after the company announced its quarterly update for second-quarter 2015. This led to far more shares changing hands than in a normal session. Yesterday's rally reverses the downtrend for the company since Jun 16, as the stock is now down almost 6%.

Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

TransGlobe Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked oil exploration and production stock is Bellatrix Exploration Ltd. ( BXE ) with a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

TRANSGLOBE ENGY (TGA): Free Stock Analysis Report

BELLATRIX EXPLR (BXE): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TGA

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More