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TransGlobe Energy

Nasdaq:TGA
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGA
Nasdaq
$105M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

TransGlobe Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in Egypt and Canada. The last earnings update was 36 days ago. More info.


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  • TransGlobe Energy has significant price volatility in the past 3 months.
TGA Share Price and Events
7 Day Returns
-1.4%
NasdaqGS:TGA
-0.3%
US Oil and Gas
0.1%
US Market
1 Year Returns
-39.1%
NasdaqGS:TGA
-18.2%
US Oil and Gas
1.2%
US Market
TGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TransGlobe Energy (TGA) -1.4% -16.2% -32.2% -39.1% -15.7% -80.2%
US Oil and Gas -0.3% -4.5% -8.2% -18.2% -7.6% -40.3%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • TGA underperformed the Oil and Gas industry which returned -18.2% over the past year.
  • TGA underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
TGA
Industry
5yr Volatility vs Market

Value

 Is TransGlobe Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TransGlobe Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TransGlobe Energy.

NasdaqGS:TGA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:TGA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.911 (1 + (1- 26.5%) (48.19%))
1.156
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.156 * 5.96%)
9.62%

Discounted Cash Flow Calculation for NasdaqGS:TGA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TransGlobe Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:TGA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.62%)
2019 38.04 Analyst x2 34.70
2020 16.45 Analyst x3 13.69
2021 18.50 Analyst x2 14.04
2022 0.00 Analyst x2 0.00
2023 30.00 Analyst x1 18.95
2024 33.11 Est @ 10.37% 19.08
2025 35.79 Est @ 8.08% 18.81
2026 38.10 Est @ 6.47% 18.27
2027 40.14 Est @ 5.35% 17.56
2028 41.97 Est @ 4.56% 16.75
Present value of next 10 years cash flows $171.85
NasdaqGS:TGA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $41.97 × (1 + 2.73%) ÷ (9.62% – 2.73%)
$625.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $625.59 ÷ (1 + 9.62%)10
$249.63
NasdaqGS:TGA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $171.85 + $249.63
$421.49
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $421.49 / 72.60
$5.81
NasdaqGS:TGA Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.81
Current discount Discount to share price of $1.45
= -1 x ($1.45 - $5.81) / $5.81
75%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TransGlobe Energy is available for.
Intrinsic value
>50%
Share price is $1.45 vs Future cash flow value of $5.81
Current Discount Checks
For TransGlobe Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TransGlobe Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TransGlobe Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TransGlobe Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TransGlobe Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.24
NasdaqGS:TGA Share Price ** NasdaqGS (2019-06-18) in USD $1.45
United States of America Oil and Gas Industry PE Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TransGlobe Energy.

NasdaqGS:TGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TGA Share Price ÷ EPS (both in USD)

= 1.45 ÷ 0.24

6.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TransGlobe Energy is good value based on earnings compared to the US Oil and Gas industry average.
  • TransGlobe Energy is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does TransGlobe Energy's expected growth come at a high price?
Raw Data
NasdaqGS:TGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-30.2%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.37x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:TGA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.17x ÷ -30.2%

-0.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TransGlobe Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TransGlobe Energy's assets?
Raw Data
NasdaqGS:TGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.90
NasdaqGS:TGA Share Price * NasdaqGS (2019-06-18) in USD $1.45
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:TGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TGA Share Price ÷ Book Value per Share (both in USD)

= 1.45 ÷ 2.90

0.5x

* Primary Listing of TransGlobe Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TransGlobe Energy is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess TransGlobe Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. TransGlobe Energy has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TransGlobe Energy expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-30.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TransGlobe Energy expected to grow at an attractive rate?
  • TransGlobe Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TransGlobe Energy's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • TransGlobe Energy's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TGA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TGA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -30.2%
NasdaqGS:TGA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -8.3%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:TGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TGA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 104 37 -10 1
2022-12-31 132 35 11 2
2021-12-31 126 46 10 2
2020-12-31 130 56 12 2
2019-12-31 136 72 12 1
NasdaqGS:TGA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 189 63 17
2018-12-31 176 69 16
2018-09-30 176 104 -17
2018-06-30 179 76 -12
2018-03-31 151 55 -76
2017-12-31 148 59 -79
2017-09-30 113 22 -110
2017-06-30 89 -14 -129
2017-03-31 68 -5 -84
2016-12-31 63 -1 -88
2016-09-30 62 -1 -89
2016-06-30 66 43 -110

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TransGlobe Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • TransGlobe Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:TGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from TransGlobe Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TGA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.40 0.40 0.40 1.00
2021-12-31 0.14 0.14 0.14 1.00
2020-12-31 0.16 0.16 0.16 1.00
2019-12-31 0.17 0.17 0.17 1.00
NasdaqGS:TGA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.24
2018-12-31 0.22
2018-09-30 -0.24
2018-06-30 -0.17
2018-03-31 -1.05
2017-12-31 -1.09
2017-09-30 -1.53
2017-06-30 -1.78
2017-03-31 -1.17
2016-12-31 -1.21
2016-09-30 -1.23
2016-06-30 -1.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TransGlobe Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TransGlobe Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TransGlobe Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TransGlobe Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TransGlobe Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TransGlobe Energy's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • TransGlobe Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • TransGlobe Energy has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.
Earnings and Revenue History
TransGlobe Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TransGlobe Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TGA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 188.86 16.99 22.09
2018-12-31 176.23 15.68 20.79
2018-09-30 176.35 -17.42 22.54
2018-06-30 178.73 -12.00 21.14
2018-03-31 150.72 -75.98 17.34
2017-12-31 148.46 -78.74 17.75
2017-09-30 112.96 -110.35 19.36
2017-06-30 88.82 -128.87 19.22
2017-03-31 68.17 -84.29 18.53
2016-12-31 63.13 -87.67 18.43
2016-09-30 61.90 -88.92 16.50
2016-06-30 65.89 -110.12 16.56
2016-03-31 80.07 -110.65 19.21
2015-12-31 92.21 -105.60 25.89
2015-09-30 140.57 -120.92 30.28
2015-06-30 183.72 -55.19 33.88
2015-03-31 225.80 -16.41 34.12
2014-12-31 274.59 11.48 30.54
2014-09-30 303.45 68.95 29.30
2014-06-30 314.13 66.13 28.63
2014-03-31 314.32 50.33 27.94
2013-12-31 315.32 58.51 27.71
2013-09-30 326.40 86.46 27.42
2013-06-30 322.41 81.89 27.82
2013-03-31 319.82 101.64 28.33
2012-12-31 317.67 87.73 28.37
2012-09-30 285.99 83.42 27.54
2012-06-30 283.22 97.75 24.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TransGlobe Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TransGlobe Energy used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • TransGlobe Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess TransGlobe Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TransGlobe Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TransGlobe Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TransGlobe Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TransGlobe Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TransGlobe Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TransGlobe Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TransGlobe Energy Company Filings, last reported 2 months ago.

NasdaqGS:TGA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 210.18 50.74 24.74
2018-12-31 220.29 52.36 51.71
2018-09-30 192.42 52.53 62.66
2018-06-30 206.07 62.17 38.09
2018-03-31 199.03 67.17 31.08
2017-12-31 210.01 70.00 47.45
2017-09-30 212.97 79.84 21.46
2017-06-30 215.59 83.73 13.78
2017-03-31 272.08 84.81 21.32
2016-12-31 285.32 83.82 31.47
2016-09-30 319.05 74.85 100.41
2016-06-30 344.15 70.64 124.31
2016-03-31 355.86 66.51 122.03
2015-12-31 371.68 63.85 126.91
2015-09-30 408.51 65.68 126.87
2015-06-30 461.35 74.42 122.96
2015-03-31 486.12 65.51 126.10
2014-12-31 500.10 69.09 140.39
2014-09-30 552.67 83.23 77.94
2014-06-30 535.52 88.81 110.06
2014-03-31 518.47 87.77 107.61
2013-12-31 500.19 87.54 122.09
2013-09-30 492.44 124.34 128.16
2013-06-30 474.45 97.05 101.44
2013-03-31 462.44 110.94 112.18
2012-12-31 435.86 115.63 82.97
2012-09-30 399.76 134.80 45.73
2012-06-30 384.98 132.90 72.23
  • TransGlobe Energy's level of debt (22.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.9% vs 22.7% today).
  • Debt is well covered by operating cash flow (132.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.3x coverage).
X
Financial health checks
We assess TransGlobe Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TransGlobe Energy has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TransGlobe Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.83%
Current annual income from TransGlobe Energy dividends. Estimated to be 3.22% next year.
If you bought $2,000 of TransGlobe Energy shares you are expected to receive $97 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TransGlobe Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • TransGlobe Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:TGA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:TGA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.05 1.00
2020-12-31 0.05 1.00
2019-12-31 0.04 1.00
NasdaqGS:TGA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.070 3.986
2018-11-08 0.070 3.599
2018-08-14 0.070 2.306
2017-11-09 0.000 0.000
2017-08-14 0.000 0.000
2017-05-11 0.000 0.000
2017-03-07 0.000 0.000
2016-11-07 0.000 0.000
2016-08-11 0.000 0.000
2016-05-12 0.000 0.000
2016-03-09 0.000 0.000
2015-11-12 0.100 6.479
2015-08-11 0.200 7.241
2015-05-06 0.200 5.486
2015-03-03 0.200 5.475
2014-11-10 0.200 6.130
2014-08-12 0.200 3.616
2014-05-05 0.200 2.913

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TransGlobe Energy has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • TransGlobe Energy has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of TransGlobe Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess TransGlobe Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TransGlobe Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TransGlobe Energy has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TransGlobe Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Randy Neely
COMPENSATION $1,194,883
AGE 52
TENURE AS CEO 0.4 years
CEO Bio

Mr. Randall C. Neely, also known as Randy, CPA ("CA"), CFA, ICD.D., has been President and Chief Executive Officer of TransGlobe Energy Corporation since January 10, 2018 and January 1, 2019and also its Director since May 10, 2018. Mr. Neely served as the Chief Financial Officer and Vice President of Finance at TransGlobe Energy Corporation from May 8, 2012 to January 10, 2018 and served as its Corporate Secretary until January 10, 2018. Mr. Neely served as the Chief Financial Officer of Zodiac Exploration Inc. from May 1, 2009 to March 26, 2012. He served as Chief Financial Officer of Mobius Resources Inc. from May 01, 2009 to March 26, 2012. He served as the Chief Financial Officer at BlackPearl Resources Inc. (a/k/a Pearl Exploration and Production, Ltd.) from September 4, 2007 to January 8, 2009. He was responsible for the strategic direction and leadership of the finance group. He served as the Chief Financial Officer of Trident Exploration Corp. Mr. Neely has over 25 years of financial and operating experience in financial and oil and gas industry. He spent 3 1/2 years with TD Securities investment banking and 8 years with KPMG LLP. He served as Vice President in the Calgary office of TD Securities investment banking group and served as Senior Manager of KPMG. He was appointed to the Board of Directors of TransGlobe Energy Corp. since April 4, 2018. He served as Non-Executive Director of Africa Energy Corp. from September 20, 2011 to March 10, 2015. He served as a Director of Zodiac Exploration Inc. since July 16, 2009. Mr. Neely holds the designations of Chartered Accountant (1994) and Chartered Financial Analyst. He has completed his ICD.D. He holds a Bachelor of Commerce degree from the University of Calgary.

CEO Compensation
  • Randy's compensation has increased in line with TransGlobe Energy recently becoming profitable.
  • Randy's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the TransGlobe Energy management team in years:

0.4
Average Tenure
  • The average tenure for the TransGlobe Energy management team is less than 2 years, this suggests a new team.
Management Team

Randy Neely

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
0.4 yrs

Eddie Ok

TITLE
VP of Finance & CFO
COMPENSATION
$694K
TENURE
1.4 yrs

Lloyd Herrick

TITLE
Executive Vice President
COMPENSATION
$1M
AGE
65
TENURE
0.3 yrs

Geoff Probert

TITLE
VP & COO
TENURE
0.3 yrs

Marilyn Vrooman-Robertson

TITLE
Corporate Secretary
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the TransGlobe Energy board of directors in years:

1.1
Average Tenure
58
Average Age
  • The average tenure for the TransGlobe Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Cook

TITLE
Chairman of the Board
COMPENSATION
$130K
AGE
56
TENURE
0.1 yrs

Randy Neely

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
1.1 yrs

Sue MacKenzie

TITLE
Independent Director
COMPENSATION
$138K
AGE
58
TENURE
5.2 yrs

Steve Sinclair

TITLE
Independent Director
COMPENSATION
$135K
AGE
61
TENURE
2.3 yrs

Ross Clarkson

TITLE
Non-Executive Director
COMPENSATION
$1M
AGE
64
TENURE
23.7 yrs

Carol Bell

TITLE
Independent Non-Executive Director
AGE
60
TENURE
0.4 yrs

Ed LaFehr

TITLE
Non-Executive Independent Director
AGE
58
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by TransGlobe Energy insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Jun 19 Buy David Cook Individual 31. May 19 03. Jun 19 6,347 $1.50 $9,521
22. Mar 19 Buy Edward LaFehr Individual 22. Mar 19 22. Mar 19 2,000 $2.04 $4,088
22. Dec 18 Buy David Cook Individual 20. Dec 18 20. Dec 18 10,000 $1.62 $16,200
20. Dec 18 Buy Steven Sinclair Individual 19. Dec 18 19. Dec 18 20,000 $1.71 $34,071
11. Dec 18 Buy George MacDougall Individual 07. Dec 18 07. Dec 18 20,000 $2.03 $40,210
06. Dec 18 Buy David Cook Individual 04. Dec 18 04. Dec 18 17,500 $2.12 $37,095
04. Dec 18 Buy David Cook Individual 30. Nov 18 30. Nov 18 32,289 $2.10 $67,807
01. Oct 18 Sell Ross Clarkson Individual 28. Sep 18 28. Sep 18 -500,000 $3.35 $-1,677,200
X
Management checks
We assess TransGlobe Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TransGlobe Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

TransGlobe Energy Corporation (NASDAQ:TGA) Earns Among The Best Returns In Its Industry

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for TransGlobe Energy: 0.17 = US$47m ÷ (US$308m - US$30m) (Based on the trailing twelve months to March 2019.) So, TransGlobe Energy has an ROCE of 17%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … In addition to low current liabilities (making a negligible impact on ROCE), TransGlobe Energy earns a sound return on capital employed.

Simply Wall St -

Would TransGlobe Energy Corporation (NASDAQ:TGA) Be Valuable To Income Investors?

Could TransGlobe Energy Corporation (NASDAQ:TGA) be an attractive dividend share to own for the long haul? … With a five-year payment history and a 3.7% yield, many investors probably find TransGlobe Energy intriguing. … Explore this interactive chart for our latest analysis on TransGlobe Energy!

Simply Wall St -

How Does Investing In TransGlobe Energy Corporation (NASDAQ:TGA) Impact The Volatility Of Your Portfolio?

If you're interested in TransGlobe Energy Corporation (NASDAQ:TGA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

How Many TransGlobe Energy Corporation (NASDAQ:TGA) Shares Do Institutions Own?

The big shareholder groups in TransGlobe Energy Corporation (NASDAQ:TGA) have power over the company. … We also tend to see lower insider ownership in companies that were previously publicly owned. … With a market capitalization of US$137m, TransGlobe Energy is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Investors Who Bought TransGlobe Energy (NASDAQ:TGA) Shares Five Years Ago Are Now Down 72%

While not a mind-blowing move, it is good to see that the TransGlobe Energy Corporation (NASDAQ:TGA) share price has gained 17% in the last three months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, TransGlobe Energy moved from a loss to profitability.

Simply Wall St -

Need To Know: TransGlobe Energy Corporation (NASDAQ:TGA) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in TransGlobe Energy Corporation (NASDAQ:TGA). … The Last 12 Months Of Insider Transactions At TransGlobe Energy. … Although we don't gain confidence from insider selling, we note that this large sale was at well above current price of US$2.07

Simply Wall St -

Before You Buy TransGlobe Energy Corporation (NASDAQ:TGA), Consider Its Volatility

If you're interested in TransGlobe Energy Corporation (NASDAQ:TGA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Are TransGlobe Energy Corporation's (NASDAQ:TGA) Interest Costs Too High?

While small-cap stocks, such as TransGlobe Energy Corporation (NASDAQ:TGA) with its market cap of US$129m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

What Kind Of Investor Owns Most Of TransGlobe Energy Corporation (NASDAQ:TGA)?

The big shareholder groups in TransGlobe Energy Corporation (NASDAQ:TGA) have power over the company. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of US$154m, TransGlobe Energy is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

How Should Investors Feel About TransGlobe Energy Corporation's (NASDAQ:TGA) CEO Pay?

Ross Clarkson has been the CEO of TransGlobe Energy Corporation (NASDAQ:TGA) since 1996. … How Does Ross Clarkson's Compensation Compare With Similar Sized Companies. … Our data indicates that TransGlobe Energy Corporation is worth US$177m, and total annual CEO compensation is US$1m.

Simply Wall St -

Company Info

Description

TransGlobe Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds an interest in five production sharing concessions, including West Gharib, West Bakr, South Alamein, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada. TransGlobe Energy Corporation was incorporated in 1968 and is headquartered in Calgary, Canada.

Details
Name: TransGlobe Energy Corporation
TGA
Exchange: NasdaqGS
Founded: 1968
$105,276,159
72,604,248
Website: http://www.trans-globe.com
Address: TransGlobe Energy Corporation
250 – 5th Street SW,
Suite 2300,
Calgary,
Alberta, T2P 0R4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TGA Common Shares Nasdaq Global Select US USD 07. Jan 1980
DB TRP Common Shares Deutsche Boerse AG DE EUR 07. Jan 1980
AIM TGL Common Shares London Stock Exchange AIM Market GB GBP 07. Jan 1980
TSX TGL Common Shares The Toronto Stock Exchange CA CAD 07. Jan 1980
Number of employees
Current staff
Staff numbers
67
TransGlobe Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:53
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/04
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.