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Transatlantic Petroleum Limited (NYSE:TAT) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 652,018 shares, a decrease of 11.4% from the July 31st total of 735,537 shares, Analyst Ratings Network reports. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 91,597 shares, the short-interest ratio is currently 7.1 days.

Separately, analysts at Zacks upgraded shares of Transatlantic Petroleum Limited from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 14th. They now have a $12.80 price target on the stock.

Shares of Transatlantic Petroleum Limited (NYSE:TAT) opened at 10.76 on Thursday. Transatlantic Petroleum Limited has a one year low of $7.00 and a one year high of $12.51. The stock has a 50-day moving average of $10.93 and a 200-day moving average of $9.4. The company’s market cap is $403.3 million.

Transatlantic Petroleum Limited (NYSE:TAT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Transatlantic Petroleum Limited will post $0.40 earnings per share 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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