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TransGlobe Energy Future Growth
Future criteria checks 0/6
We currently don't have sufficient analyst coverage to forecast growth and revenue for TransGlobe Energy.
Key information
n/a
Earnings growth rate
n/a
EPS growth rate
| Oil and Gas earnings growth | 9.8% |
| Revenue growth rate | n/a |
| Future return on equity | n/a |
| Analyst coverage | None |
| Last updated | n/a |
Recent future growth updates
Recent updates
Seeking Alpha • Aug 31
TransGlobe Energy: The Stock Is Undervalued
Summary TGA’s 2Q 2022 petroleum and natural gas sales increased by 29% YoY to $109 million. I predict a 3Q 2022 crude oil average realized price of $87 per barrel for TGA. I estimate that the company’s 3Q 2022 revenues and FFO will be $95 million and $36 million, respectively. My valuation shows that the stock is worth more than $7 per share. However, I do not see the stock price reaching this level in the short term. TGA is a buy as the company is well-positioned to benefit from the crude oil market condition. From the beginning of the year to mid-June 2022, TransGlobe Energy's (TGA) stock price, which is an oil exploration and production company, headquartered in Canada, increased from $3 to more than $5 per share. The stock price dropped below $3.5 as oil prices retreated from their highest levels in 2022. However, crude oil prices are still significantly high, and as long as the war in Ukraine and the nuclear tensions between the United States and Iran continue, oil prices will remain high. TGA is well-positioned to benefit from the market condition. The stock is a buy. 2Q 2022 highlights In its 2Q 2022 financial results, TGA reported petroleum and natural gas sales of $109 million, compared with 2Q 2021 sales of $85 million, up 29%. The company sold 104 Mbbls of crude oil to Egyptian General Petroleum Corporation (EGPC) for proceeds of $11.8 million. Also, in Egypt, TGA sold one cargo lifting 451 Mbbl of entitlement crude oil during 2Q 2022 for proceeds of $46.3 million. The company’s petroleum and natural gas sales (net of royalties) increased by 48% to $75 million. TGA’s realized derivative loss on commodity contracts decreased from $3.65 million in 2Q 2021 to $0.72 million in 2Q 2022. Moreover, TGA’s production & operating expenses decreased by 25% to $15 million. On the other hand, the company’s selling costs increased by 20% to $2 million. In the second quarter of 2022, TGA reported funds flow from operations (FFO) of $42 million, or 57 cents per diluted share, compared with 2Q 2021 FFO of $17 million, or 24 cents per diluted share. The company’s 2Q 2021 net earnings of $8 million, or 11 cents per diluted share, increased to $32 million, or 44 cents per diluted share in the second quarter of 2022. Due to planned maintenance at a third-party processing facility in Canada, the average production volumes of TGA decreased by 7% YoY to 12132 boe/d in 2Q 2022. However, it is worth noting that as a result of new development wells drilled in 2022, production in the Eastern desert increased. Also, its average sales volumes decreased by 24% YoY to 12609 boe/d in the second quarter of 2022. Despite the company’s lower sales volumes during the second quarter of 2022, its average realized sales price increased from $56.48/boe in 2Q 2021 to $95.37/boe in 2Q 2022, up 69%. 2Q 2022 average realized price on Egypt sales was $10109/bbl and on Canadian sales was $59.65/boe. Due to higher commodity prices and the company’s improved economic interest under the Merged Concession agreement, TGA’s consolidated netbacks increased by 49% YoY to $42.25/boe in 2Q 2022. The market outlook In my last article on TGA, I explained that Due to the continuing war in Ukraine and US sanctions against Iran oil, I expect oil prices to remain high for the rest of 2022. Also, I said that even if the oil prices decline, TGA will do well due to its free cash flow generation ability. From 31 December 2021 to 8 June 2022, WTI and Brent crude oil prices increased from $75 per barrel to more than $120 per barrel (see Figure 1). However, oil prices dropped to below $90 per barrel in mid-August 2022. Oil prices bounced back in the last two weeks. EIA forecasts that the spot price of Brent crude will average $105 per barrel in 2022 and $95 per barrel in 2023. Of course, the end of the war between Russia and Ukraine, or the easing of oil sanctions against Iran, may cause the oil prices to drop even to $70 per barrel in a few weeks. However, I don’t expect the geopolitical tensions in Europe and nuclear tensions between Western countries and Iran to end in the second half of 2022. In the second quarter of 2022, TGA’s crude oil average realized price was $95.37 per barrel, up 69% YoY and 16% QoQ. I estimate the company’s 3Q 2022 crude oil average realized price to be $87 per barrel. Based on my estimation of TGA’s 3Q 2022 crude oil average realized price, I estimate that the company’s revenues in the third quarter of 2022 to be $95 million. Moreover, I estimate the company’s FFO to be $36 million in the third quarter of 2022. Figure 2 shows that TransGlobe expects its full-year 2022 daily production (net revenue interest share of volumes on a working interest basis, after deduction of royalty) to be 8.7 to 9.5 mboe/d. According to the company’s production guidance for the full year 2022 and Brent and WTI crude oil prices of around $90 per barrel for the rest of 2022, I estimate the company’s 2022 Canadian crude and Egypt crude netbacks to be $73 and $33 per barrel. Also, with Brent and WTI crude oil prices of around $80 per barrel for the rest of 2022, I estimate the company’s 2022 Canadian crude and Egypt crude netbacks to be $58 and $26 per barrel. Figure 1 - Crude oil prices oilprice.com Figure 2 - 2022 production guidance 2Q 2022 presentation TGA performance outlook TGA's net profit margin showed impressive growth and sat on 23.85% at the end of 2021 compared with its amount of (67)% in 2020 when the pandemic started, and we all remember the following plunge in oil prices. The company’s net profit margin kept increasing to sit at 54% in TTM. Which means, for each $1 revenue the company earns about $0.54 net profit. Moreover, across the board of return on assets, the ROA ratio in TTM shows that 35% of the company's net earnings is related to its assets. TransGlobe Energy’s return on assets boosted impressively during 2021 and sat on 16.85% versus its previous level of (38.5)% at the end of 2020. Both net profit margin and ROA amounts in TTM are well above the amounts before the pandemic started. Ultimately, TransGlobe Energy’s profitability ratios provide a good capture of its ability to generate income relative to the revenue and assets (see Figure 3). Figure 3 – TGA’s profitability ratios Author (based on SA data) Furthermore, we can analyze TGA's coverage ability across the board of its interest-coverage ratio and cash-coverage ratio. Its ICR in TTM indicates that 92 times the company can pay its interest expenses on its debt with its operating income. Also, TGA's cash coverage ratio in TTM has been strengthened slightly compared to its amount of 34.45 at the end of 2021. Thus, as a conservative metric to compare the company's cash balance to its annual interest expense, TGA's cash-coverage ratio in TTM has been 38.25, which is quite higher than its amount at the end of 2021. In sum, for the sake of the company’s coverage ratios, there may not be concerns about TGA's ability to cover its obligations (see Figure 4). Figure 4 – TGA’s coverage ratios Author (based on SA data) Valuation Analyzing TransGlobe Energy's financial condition and updating its valuation data indicate that the stock is a good scope for investment. Albeit fairly volatile due to the fabric of the industry, I consider TransGlobe stock undervalued. Even if the oil price declines, the company will be preserved because of its profitability and coverage abilities. Moreover, the management's strategy of reducing the debt amount will help them to be conserved from unpredictable downturns in oil prices in the future.Seeking Alpha • Aug 10
Transglobe Energy GAAP EPS of $0.44, revenue of $74.69M
Transglobe Energy press release (NASDAQ:TGA): Q2 GAAP EPS of $0.44. Revenue of $74.69M (+47.5% Y/Y). Second quarter sales averaged 12,609 boe/d including 104.0 Mbbls sold to EGPC for proceeds of $11.8 million and one cargo lifting of 451.0 Mbbls of entitlement crude oil sold for proceeds of $46.3 million. Average realized price for Q2-2022 sales of $95.37/boe; Q2-2022 average realized price on Egypt sales was $101.29/bbl and on Canadian sales was $59.65/boe. Funds flow from operations of $42.5 million ($0.58 per share) in the quarter. Second quarter production averaged 12,132 boe/d, a decrease of 314 boe/d (3%) from the previous quarter. Production for the quarter was below full year 2022 guidance of 12,400 to 13,400 boe/d and 3% lower than the previous quarter. In Canada, production averaged 1,794 boe/d during the quarter, a decrease of 562 boe/d (24%) from the previous quarter and below full year 2022 guidance of 2,400 to 2,600 boe/d.Seeking Alpha • Jul 22
TransGlobe Energy: Forget The Merger
This merger appears to favor VAALCO shareholders. The cash flow comparison does not take into account the new (more profitable) Egyptian contract. The current market is a buyers' market. Management could probably do better by waiting for a sellers' market to develop later in the business cycle. The VAALCO common stock slide introduces some uncertainty as to the future of the deal. It is still likely to succeed though. Most likely, I will sell my shares at some point and move on either before or right after the merger. (Note: This article was in the newsletter on July 14, 2022) TransGlobe Energy Corporation (TGA) announced a merger with VAALCO Energy, Inc. (EGY) in an all-stock transaction, with the surviving company to be VAALCO and the surviving officers to be VAALCO officers that run the combined company. TransGlobe Energy just announced a new contract with Egypt that would be far more profitable. Therefore, this announcement is coming before shareholders can adequately ascertain the benefits of the new contract. What was even more interesting was the slide of VAALCO common on the announcement of the news. That slide should doom the transaction. But time will tell if that actually happens. The deal appears to be a very good one for VAALCO shareholders, as they would acquire a company that has not been properly priced by the market in some time. The market certainly has not taken into account the profitability of the new contract that TransGlobe Energy has with Egypt. TransGlobe Energy Presentation Of Business Combination Benefits (TransGlobe Energy Investor Presentation July 2022.) Probably one of the more conservative figures I have ever seen for cash flow guidance for the current fiscal year is shown above. The fiscal year 2021 cash flow was earned under a completely different (less favorable) contract with the Egyptian government. It frankly needs to be restated in the terms of the new contract. The whole purpose of the new contract was to enable the company to grow reserves and production that had been uneconomical under the old contract. Clearly that would materially change the comparison above. The current fiscal year would be materially different. Management stated that cost recovery and margins would improve in the future. If that is the case, then the actual earnings in the previous year are largely irrelevant unless they are adjusted to current business agreements. But the other thing is that most insiders agree that this is still a buyers' market. There really should be no hurry to sell the company until optimism about future commodity selling prices prevails. There are a lot of things that the market is uncertain about. The effect of the Ukraine war upon future selling prices and commodity supplies would be the main stumbling block. Waiting for things to become clearer would be far more beneficial to shareholders. VAALCO itself is a conservatively run company that maintains a net cash position. That kind of conservatism tends to indicate that a conservative acquisition offer was consummated. The general lack of benefits other than geographic diversification and participation in a larger company tends to reinforce that the offer was conservative. If that is the case, then VAALCO shareholders stand to benefit from this merger much more than TransGlobe Energy shareholders. Africa has long been a money-losing proposition for a fair number of oil and gas exploration companies. VAALCO does have some production and does have a strong financial position. The company is also making money. But it also has an offshore business that is far riskier than is the case for the secondary recovery that TransGlobe engages in. Furthermore, the offshore business tends to include very financially large projects. VAALCO is actually extremely small to engage in the offshore business. The company probably needs to have several mergers to gain the proper size for offshore upstream. TransGlobe does provide considerable cash flow certainty to the combination through its secondary recovery business. Personally, I prefer doing business in Egypt to many other places in Africa because the Egyptian government is relatively stable and the support for the industry has been evident for a long time. There is nothing necessarily wrong with doing business in Gabon and Equatorial Guinea. But I think in terms of infrastructure and government effectiveness, the Canadian business and the Egyptian business of TransGlobe Energy would be superior. VAALCO Common Stock Price History And Key Valuation Metrics (Seeking Alpha Website July 14, 2022.) Probably the most important consideration is that the stock price slide of VAALCO common stock left TransGlobe Energy with little to at times no premium as a result of the merger. The stock price reaction to the merger announcement is shown above. Therefore, TransGlobe Energy shareholders receive no credit for the improved contract with the Egyptian government. Instead, the shareholders of TransGlobe would have to share the benefits of the new Egyptian contract with all the shareholders in the newly merged company. On the other hand, should the offshore business of VAALCO prove to be unexpectedly successful, then TransGlobe Energy shareholders would share in the success of the combined company. The tradeoff here is the reduction in participation of the more reliable secondary recovery business for participation in a less predictable offshore business. The market lately has had a strange reaction to all stock mergers. That is especially the case here where the merger of VAALCO with an undervalued company would likely prove accretive. One would think that would have sent the common stock price of VAALCO ahead. Now that reaction could still happen in the future. Many times, these kinds of mergers have a success based upon the votes of a lot of traders that can make a small profit and move on. So, this merger is likely to succeed. It remains a disappointment to TransGlobe shareholders that were looking to benefit from the long-awaited new contract in Egypt. Summary This merger appears to benefit the shareholders of VAALCO at the expense of TransGlobe Energy shareholders. The initial stock price reaction left a very small premium to the trading price of TransGlobe common before the announcement.Seeking Alpha • Jul 14
TransGlobe Energy: Massive Shareholder Returns, But One Big Problem
TransGlobe Energy recently reinstated their dividends with a high 6%+ yield coming right out of the gate. Whilst already positive, when overlaying their guidance with the current oil price outlook, it foretells far more on the horizon with a massive near 30% shareholder yield on current cost. This is obviously very desirable but there is one big problem, being that their reserve life is rather short at only six to ten years. Unlike a supermajor oil and gas company, they cannot lean upon their capital market access to simply buy themselves out of trouble through acquiring new reserves or diversifying into new areas. Since this counteracts their otherwise very desirable massive shareholder returns, I believe that only a hold rating is appropriate. Introduction The booming operating conditions for oil and gas producers thus far into 2022 have seen the energy sector enjoying a wave of earnings not thought possible merely one year prior. Naturally, this has also seen a wave of shareholder returns lining the pockets of investors, such as TransGlobe Energy (TGA), who recently reinstated their dividends on a semi-annual basis, thereby launching a high yield of 6.29% right out of the gate. When looking ahead, this only appears to be the start with their guidance pointing towards massive shareholder returns, although disappointingly for investors, there is one big problem. Executive Summary & Ratings Since many readers are likely short on time, the table below provides a very brief executive summary and ratings for the primary criteria that were assessed. This Google Document provides a list of all my equivalent ratings as well as more information regarding my rating system. The following section provides a detailed analysis for those readers who are wishing to dig deeper into their situation. Author *Instead of simply assessing dividend coverage through earnings per share cash flow, I prefer to utilize free cash flow since it provides the toughest criteria and also best captures the true impact upon their financial position. Detailed Analysis Author When reviewing their cash flow performance across their recent history, unsurprisingly, it fluctuated along with the prevailing operating conditions. This saw their operating cash flow during 2020 of $31.7m enduring a large dip versus their previous result of $44.8m during 2019 due to the Covid-19 pandemic, before subsequently recovering in 2021 to end the year at $45m. On the surface, their cash flow performance during the first quarter of 2022 appears terrible and defies the booming operating conditions, with their operating cash flow falling to negative $23.8m, which is down year-on-year versus their previous result of negative $3.9m during the first quarter of 2021. Thankfully, this was simply due to the first quarter of 2022 seeing a freakishly large working capital build of $50.9m that, if removed, shows that their underlying operating cash flow was actually $27.1m and thus much higher year-on-year versus their equivalent result of negative $1.7m during the first quarter of 2021. When looking ahead into the remainder of 2022 and beyond, the outlook for their cash flow performance and by extension, their freshly reinstated shareholder returns appears very desirable, as the table included below displays. TransGlobe Energy June 2022 Corporate Presentation It can be seen that management has laid out a number of different scenarios for their free cash flow at various oil prices ranging from $75 per barrel to $115 per barrel. Following the otherwise tragic Russian invasion of Ukraine in early 2022, oil prices have frequently traded for north of $100 per barrel with the already tightly supplied market facing further supply losses from sanctions. Despite the recent slump on the back of recession fears, oil prices remain north of $90 per barrel, and with the International Energy Agency warning of further market tightness still to come regardless of these economic risks, it seems most reasonable to expect their free cash flow to broadly align with their $105 per barrel scenario, which is estimated at $91m. Due to their variable shareholder returns policy that aims to return 75% of their free cash flow via a combination of dividends and share buybacks, this translates into an estimated $68m being sent to the pockets of shareholders. It was particularly handy of management to make it especially easy for investors by dividing this guidance into a per share amount of $0.93, which on their current share price of $3.18 equals a massive near 30% shareholder yield. Since their dividends were only recently reinstated at $0.10 per share on a semi-annual basis, it remains to be seen whether management opts for higher dividends given this very strong coverage or bridging the gap completely with share buybacks. Even if oil and gas prices revert lower in 2023 and beyond, even under their bearish $75 per barrel scenario, they would still see shareholder returns of $0.29 per share that translate into a high circa 9% shareholder yield on current cost, thereby providing a very solid backstop that should limit downside risk. Whilst this sounds very desirable, there remains one big problem that counteracts their very desirable massive shareholder returns after considering their reserves. Unlike most other companies, those engaged in the extraction of natural resources unavoidably deplete their assets and thus investors need to also consider their reserves because obviously, you cannot pump oil unless there you first have oil in the ground. This aspect is especially important for a small oil and gas producer because, unlike the supermajors, such as Exxon Mobil (XOM), they have fewer financial resources to simply acquire reserves from other companies or diversify into new areas. When they last tallied their resources, they saw proven reserves of 28 million boe, as per their 2021 annual report and thus see a proven reserve life of only a mere six years given their 2022 guidance for production of 12,900 boe/d at the midpoint, as per slide four of their June 2022 corporate presentation. It does not take a petroleum engineer to know that only six years of production remaining is quite a short length of time. To put this into perspective, Exxon Mobil has 18.536 billion boe of proven reserves and thus given their production of around 1.35 billion boe per annum, sees a proven reserve life of circa 13.7 years, as per their 2021 annual report. They are likely to continue converting a portion of their contingent resources into proven and probable resources, although new oil and gas discoveries will only continue getting more difficult given their finite and depleting nature. Even if their reserve life is assessed through their proven plus probable reserves, which are 46.1 million boe, this is still only just shy of ten years and thus still rather short for a small company with no downstream refining or chemical operations. Even though this does not necessarily pose any short-term risks and possibly not any in the medium-term either when thinking ahead to the long-term, this creates a cloudy outlook for their production and thus financial performance that counteracts their otherwise very desirable massive shareholder returns currently on offer. Author Whilst forgoing any shareholder returns was not enjoyable during 2020 and 2021, thankfully, this was not in vain, with their shareholders now able to enjoy a capital structure where they undeniably reign supreme with a net cash position of $34.1m. Apart from equalling an impressive near 15% of their current market capitalization of approximately $233m, it would be pointless to assess their leverage in detail, as practically speaking, they have no leverage.Seeking Alpha • Jun 27
TransGlobe Energy: I Expect Higher Netbacks
My estimations show that TGA’s 2Q 2022 crude oil netbacks will be higher than in Q2 2021 and Q1 2022. Due to the continuing war in Ukraine and US sanctions against Iran oil, I expect oil prices to remain high for the rest of 2022. Thus, I estimate higher than Q1 2022 crude netbacks for Q3 and Q4 2022. Even if the oil price declines, the company will be preserved because of the company’s free cash flow generation ability. My valuation indicates that the stock is a buy and has an upside potential to reach about $5-$6.Seeking Alpha • Jun 13
TransGlobe Energy: This Small Cap Oil Producer Will Continue Outperforming Peers And Large Caps
For investors looking for outsized gains this far into the oil megatrend, small-cap stocks may offer a better chance relative to large caps. TGA is a Canadian small-cap oil exploration and producing company worth looking into. Compared with similarly sized oil producers, TGA is the best performer where it matters most: cash generation, debt reduction, and returning cash to shareholders. TGA has adopted a distribution policy to allocate a minimum of 75% of its annual free cash flow to its shareholders through dividends and share buybacks. Key risks to watch out for include a downtrend in global oil prices and TGA's reliance on its Egyptian assets to fund its distribution policy.Seeking Alpha • May 19
TransGlobe Energy: Cash Flow Guidance Under The New Contract
The company is about to have a growth spurt that could last decades. I intend to ride this growth spurt to its logical end which is not in sight. Cash flow is likely to rise over time even if oil prices pull back. The contract with Egypt provides for cost recovery. That lowers the typical upstream risk. The amount of potential reserves to recover under the new contract is huge compared to the company size. That amount will likely grow as technology continues to advance.Seeking Alpha • Mar 18
TransGlobe Energy: Passing Out The Cash
The company initiated a $.10 semiannual dividend. The negative net debt position allows considerable financial flexibility not available to many competitors. The new contract is far more profitable than the old one. Higher commodity prices and the new contract will combine to dramatically increase cash flow. Further profitable growth is not priced into the current stock price at all.Seeking Alpha • Feb 13
A Big Day For TransGlobe Energy
The new contract was finally approved. The stocked soared on the news. The company gets an immediate "pay-raise". This stock should now recover from the uncertainty surrounding contract approval. Future growth prospects have materially improved.Seeking Alpha • Jan 28
TransGlobe Energy: Results Come In
This company has a profitable business under current industry conditions. The market fixation on the new, more profitable contract is overdone. Production will be growing soon after drilling results are known. Already there has been considerable success drilling low-risk wells. The Canadian acreage needs some work before it is developed profitably.Seeking Alpha • Jan 08
TransGlobe Energy: A Case Study In Asymmetric Return Possibilities
The future growth opportunities far exceed downside risks. A strong working capital balance with low or negative net debt provides considerable downside protection. A specialization in secondary recovery avoids competition with major producers. A new contract provides for a more profitable future. This company will grow production in contrast to most of the industry that is concentrating on balance sheet improvement.Seeking Alpha • Dec 24
TransGlobe Energy: A Big Day For The Stock
The new contract was finally approved. The stock soared on the news. The company gets an immediate "pay-raise". This stock should now recover from the uncertainty surrounding contract approval. Future growth prospects have materially improved.Seeking Alpha • Oct 23
TransGlobe Energy: Results Begin To Come In
The new contract with Egypt is far more profitable. The new contract also runs for a longer term. A return to growth now seems probable. A two rig program has begun with more activity possible. The low risk secondary recovery projects now appear to be very profitable.Seeking Alpha • Oct 01
TransGlobe Energy: New Production Ahead Of Time
The current activity should lead to production growth sooner rather than later (and increasing guidance along with it). The new contract has allowed management to begin a sustained growth period for the first time in a very long time. Egypt is a decent country in which to conduct oil & gas business. The drilling of another potential discovery well is being planned for later this year. The enterprise value is pretty cheap when compared to annual cash flow and growth prospects.Seeking Alpha • Jul 21
TransGlobe Energy Is On The Move
The new contract with Egypt is far more profitable and long term. The secondary recovery operation now has many more profitable targets. Production is already up due to a well completion in another zone. Egypt is very supportive of the oil and gas industry. Egypt is also a bastion of stability compared to many of its neighbors in the Middle East. The Western leases provide an opportunity for new field growth prospects.Seeking Alpha • Jul 09
TransGlobe Energy Is Resuming A Growth Strategy
The new contract roughly doubles margins at various pricing levels. Rigs are now mobilized and will result in production growth in the next fiscal year. Generally, small companies succeed by finding a niche to stay out of the way of the competition of large companies. Right now exploration wells cannot compete for capital with the low cost high return production restoration projects. Egypt benefits from the new contract through the addition of some higher cost production to sell.Analysis Article • Dec 08
A Look At TransGlobe Energy's (NASDAQ:TGA) Share Price Returns
TransGlobe Energy Corporation ( NASDAQ:TGA ) shareholders will doubtless be very grateful to see the share price up 94...In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TransGlobe Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 6/30/2022 | 228 | 125 | -1 | 43 | N/A |
| 3/31/2022 | 204 | 100 | -8 | 25 | N/A |
| 12/31/2021 | 169 | 40 | 18 | 45 | N/A |
| 9/30/2021 | 160 | 31 | 43 | 61 | N/A |
| 6/30/2021 | 119 | -12 | 24 | 31 | N/A |
| 3/31/2021 | 79 | -33 | 27 | 31 | N/A |
| 12/31/2020 | 115 | -77 | 24 | 32 | N/A |
| 9/30/2020 | 110 | -83 | 23 | 41 | N/A |
| 6/30/2020 | 124 | -74 | 30 | 57 | N/A |
| 3/31/2020 | 156 | -50 | 20 | 54 | N/A |
| 12/31/2019 | 140 | -4 | 8 | 45 | N/A |
| 9/30/2019 | 152 | 35 | -12 | 31 | N/A |
| 6/30/2019 | 163 | 20 | 20 | 67 | N/A |
| 3/31/2019 | 189 | 17 | 19 | 63 | N/A |
| 12/31/2018 | 176 | 16 | 28 | 69 | N/A |
| 9/30/2018 | 176 | -17 | 71 | 104 | N/A |
| 6/30/2018 | 179 | -12 | 47 | 76 | N/A |
| 3/31/2018 | 151 | -76 | 23 | 55 | N/A |
| 12/31/2017 | 148 | -79 | 21 | 59 | N/A |
| 9/30/2017 | 113 | -110 | -16 | 22 | N/A |
| 6/30/2017 | 89 | -129 | -50 | -14 | N/A |
| 3/31/2017 | 68 | -84 | -38 | -5 | N/A |
| 12/31/2016 | 63 | -88 | -28 | -1 | N/A |
| 9/30/2016 | 62 | -89 | -24 | -1 | N/A |
| 6/30/2016 | 66 | -110 | 25 | 43 | N/A |
| 3/31/2016 | 80 | -111 | N/A | 61 | N/A |
| 12/31/2015 | 92 | -106 | N/A | 78 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if TGA's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if TGA's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if TGA's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if TGA's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if TGA's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TGA's Return on Equity is forecast to be high in 3 years time
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/16 12:25 |
| End of Day Share Price | 2022/10/13 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TransGlobe Energy Corporation is covered by 13 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rita Guindy | Arqaam Capital Research Offshore S.A.L. |
| Charlie Sharp | Canaccord Genuity |
| Jeremy Kaliel | CIBC Capital Markets |