TRANSGLOBE ENERGY CORPORATION is an AMEX listed security that has been trading in a range between $3.65 and $5.59 over the past year. With 59,662,440 shares outstanding, a recent price of $4.98 gives a total market capitalization of $306,664,934. While there are certainly larger companies, TRANSGLOBE ENERGY CORPORATION has definitely earned its place in the pack. Last year, TRANSGLOBE ENERGY CORPORATION created $0.41 in earnings for every share outstanding.
TRANSGLOBE ENERGY CORPORATION is currently priced by the market at 12.50 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, TRANSGLOBE ENERGY CORPORATION could be an interesting value proposition.
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