TransAtlantic Petroleum Ltd (TNP) Downgraded to Hold at TD Securities
TransAtlantic Petroleum Ltd (TSE:TNP) (NYSE:TAT) was downgraded by investment analysts at TD Securities from a “speculative buy” rating to a “hold” rating in a report issued on Friday. They presently have a C$2.50 target price on the oil and natural gas company’s stock, down from their prior target price of C$2.75. TD Securities’ price objective would suggest a potential upside of 26.26% from the stock’s current price.
Shares of TransAtlantic Petroleum (TSE:TNP) remained flat at $1.98 during trading on Friday. 30,300 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $1.91 and a 200-day moving average of $1.58. The firm’s market cap is $93.68 million. TransAtlantic Petroleum has a 52-week low of $0.50 and a 52-week high of $2.30.
COPYRIGHT VIOLATION NOTICE: “TransAtlantic Petroleum Ltd (TNP) Downgraded to Hold at TD Securities” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/12/transatlantic-petroleum-ltd-tnp-downgraded-to-hold-at-td-securities.html.
TransAtlantic Petroleum Company Profile
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.
Receive News & Ratings for TransAtlantic Petroleum Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAtlantic Petroleum Ltd and related companies with MarketBeat.com's FREE daily email newsletter.