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Transglobe Energy posts 1st-quarter loss of $16.2 million

CALGARY – CALGARY, Alberta (AP) _ Transglobe Energy Corp. (TGA) on Thursday reported a loss of $16.2 million in its first quarter.

On a per-share basis, the Calgary, Alberta-based company said it had a loss of 23 cents.

The oil and gas company posted revenue of $17.4 million in the period.

The company’s shares closed at $1.94. A year ago, they were trading at $4.08.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGA at http://www.zacks.com/ap/TGA

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Keywords: Transglobe Energy, Earnings Report