Transatlantic Petroleum Limited Sees Large Drop in Short Interest (TAT)
Transatlantic Petroleum Limited (NYSE:TAT) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 735,537 shares, a decrease of 10.4% from the July 15th total of 821,294 shares, Stock Ratings Network reports. Approximately 3.3% of the company’s shares are sold short. Based on an average trading volume of 73,055 shares, the days-to-cover ratio is presently 10.1 days.
Separately, analysts at TD Securities raised their price target on shares of Transatlantic Petroleum Limited from C$19.00 to C$21.00 in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock.
Shares of Transatlantic Petroleum Limited (NYSE:TAT) opened at 10.48 on Wednesday. Transatlantic Petroleum Limited has a 52-week low of $7.00 and a 52-week high of $12.51. The stock has a 50-day moving average of $11. and a 200-day moving average of $9.16. The company’s market cap is $392.8 million.
Transatlantic Petroleum Limited (NYSE:TAT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $41.06 million for the quarter, compared to the consensus estimate of $37.50 million. Analysts expect that Transatlantic Petroleum Limited will post $0.65 EPS for the current fiscal year.
TransAtlantic Petroleum Ltd., formerly TransAtlantic Petroleum Corp., is an international oil and gas company engaged in the acquisition, development, exploration, and production of crude oil and natural gas.
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