TransAtlantic Petroleum Ltd (NYSE:TAT) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 253,114 shares, a growth of 285.6% from the August 31st total of 65,634 shares. Based on an average daily volume of 566,335 shares, the short-interest ratio is presently 0.4 days. Currently, 1.0% of the company’s stock are sold short.
Separately, TD Securities reaffirmed a “hold” rating and issued a $1.20 price target (down previously from $1.50) on shares of TransAtlantic Petroleum in a research report on Sunday, August 21st.
A hedge fund recently raised its stake in TransAtlantic Petroleum stock. Spark Investment Management LLC raised its stake in shares of TransAtlantic Petroleum Ltd (NYSE:TAT) by 21.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,500 shares of the company’s stock after buying an additional 24,700 shares during the period. Spark Investment Management LLC owned approximately 0.34% of TransAtlantic Petroleum worth $112,000 as of its most recent filing with the SEC.
Shares of TransAtlantic Petroleum (NYSE:TAT) opened at 1.21 on Thursday. The stock has a 50 day moving average of $0.92 and a 200 day moving average of $0.87. TransAtlantic Petroleum has a 12 month low of $0.52 and a 12 month high of $3.31. The stock’s market cap is $56.66 million.
TransAtlantic Petroleum (NYSE:TAT) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.12. On average, equities analysts anticipate that TransAtlantic Petroleum will post ($0.32) earnings per share for the current fiscal year.
About TransAtlantic Petroleum
TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively.
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