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TransGlobe Energy (TGA) Catches Eye: Stock Up 10.3%

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TransGlobe Energy Corporation (TGA - Free Report) 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. with a Zacks Rank #2 (Buy).

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