Reviewing The Case For TransAtlantic Petroleum Ltd. (TAT) Going Higher


    West Family Investments, Inc. recently announced the acquisition of new stake in TransAtlantic Petroleum Ltd. (AMEX:TAT). The institutional investor has increased its shareholding in the Energy company by 30.65% to 2.87 million shares with purchase of 0.67 million shares. This fresh investment now brings its stake to 4.58% valued currently at $0.92 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 0.43 million to 1.18 million shares.

    With over 0.82 million TransAtlantic Petroleum Ltd. (TAT) shares trading Friday and a closing price of $0.23 on the day, the dollar volume was approximately $0.19 million. The shares have shown a negative weekly performance of -9.03% and its price on 08/28/20 lost nearly -1.22%. Currently, there are 62.50M common shares owned by the public and among those 32.01M shares have been available to trade.

    The analysts have set the share’s price value over the next 12 months at a high of $2.50 and a low of $2.50 should the stock experience a downside. Incidentally, analysts’ outlook for the TransAtlantic Petroleum Ltd. stock is 3.00 for the next 12 months. But an upside of 90.8% will see the stock hit the forecast high price target while mean target price for the stock is $2.50.

    Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 9,668,487 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 7,435,499 shares.

    The top 3 mutual fund holders in TransAtlantic Petroleum Ltd. are Schroder ISF – Global Energy, Bridgeway Ultra Small Company Fun, and Vanguard Extended Market Index Fu. Schroder ISF – Global Energy owns 1.06 million shares of the company’s stock, all valued at over $0.34 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.54% of the shares outstanding.

    Shares of TransAtlantic Petroleum Ltd. (AMEX: TAT) opened at $0.24, unchanged from a prior closing price of $0.24. However, the script later closed the day at $0.23, down -1.22%. The company’s stock has a 5-day price change of -9.03% and 3.26% over the past three months. TAT shares are trading -51.94% year to date (YTD), with the 12-month market performance down to -62.36% lower. It has a 12-month low price of $0.12 and touched a high of $0.84 over the same period. Currently, 0.82 million shares have been traded, compared to an average intraday trading volume of 2.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.88%, -21.51%, and -25.86% respectively.

    Institutional ownership of TransAtlantic Petroleum Ltd. (AMEX: TAT) shares accounts for 11.70% of the company’s 62.50M shares outstanding. Mutual fund holders own 6.16%, while other institutional holders and individual stakeholders account for 77.27% and 3.45% respectively.

    It has a market capitalization of $15.88M and a beta (3y monthly) value of 1.27. The earnings-per-share (ttm) stands at -$0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.04% over the week and 13.45% over the month.

    Analysts forecast that TransAtlantic Petroleum Ltd. (TAT) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2017. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.18 a year ago.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate TransAtlantic Petroleum Ltd. (TAT) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the TAT, a number of firms have released research notes about the stock. TD Securities stated their Speculative Buy rating for the stock in a research note on September 09, 2016, with the firm’s price target at. Global Hunter Securities coverage for the TransAtlantic Petroleum Ltd. (TAT) stock in a research note released on November 11, 2013 offered a Speculative Buy rating with a price target of. Global Hunter Securities was of a view on November 11, 2011 that the stock is Buy, while Global Hunter Securities gave the stock Accumulate rating on October 12, 2011, issuing a price target of. Global Hunter Securities on their part issued Accumulate rating on April 28, 2011.


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