TransAtlantic Petroleum Ltd. (AMEX:TAT) does about 2.50M shares in volume on a normal day but saw 4157519 shares change hands in Monday trading. The company now has a market cap of 16.96M USD and an enterprise value of about $18.56M. Its current market price is $0.25, marking an increase of 6.82% compared to the previous close of $0.23. The 52 week high reached by this stock is $0.84 whilst the lowest price level in 52 weeks is $0.12. The script in recent trading has seen the stock touch a high of $0.29 and a low of $0.24.
TransAtlantic Petroleum Ltd. (TAT) has a 20-day trading average at $0.2784 and the current price is -70.15% off the 52-week high compared with 108.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2964 and its 200-day simple moving average is $0.3150. If we look at the stock’s price movements over the week, volatility stands at 11.78%, which increases to 14.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.74 to suggest the stock is neutral.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 09, 2016 when TD Securities upgraded the stock to “Speculative Buy” and issued a price target of . Global Hunter Securities also upgraded the stock to “Speculative Buy” from Neutral on November 11, 2013 at a price target of . Global Hunter Securities upgraded its price target at $2.60-$2.60.
The current price level is -10.92%, -15.77%, and -20.57% away from its SMA20, SMA50, and SMA200 respectively, with the TAT price moving above the 50-day SMA on August 31. TransAtlantic Petroleum Ltd. (TAT) stock is down -1.10% over the week and -22.12% over the past month. Its price is -48.66% year-to-date and -65.18% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/30/2016, with the company’s earnings per share (EPS) of -$0.14 below consensus estimates by -$0.08. The company’s next earnings report is expected on 11/04/2020.
Its 12-month price target is $2.50. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $2.50.
Outstanding shares total 62.50M with insiders holding 55.05% of the shares and institutional holders owning 7.46% of the company’s common stock. The company has a return on investment of 35.80%. The beta has a value of 1.27. Price to sales ratio is 0.37.
According to a U.S. Securities and Exchange Commission filing, Schroder ISF – Global Energy has reduced its position in TransAtlantic Petroleum Ltd. (TAT) to 1,063,830 shares, mirroring a recent drop by 0.00%. Schroder ISF – Global Energy dumped 0.0 shares of TransAtlantic Petroleum Ltd. common stock bringing its total worth to about $0.34 million at the end of recent close, SEC documents show. Schroder ISF – Global Energy isn’t the only investment manager who changed stakes and is followed by Bridgeway Ultra Small Company Fun, which sold off 0.0 shares to end up with 482,400 shares worth $0.16 million. Vanguard Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.54% position in TransAtlantic Petroleum Ltd. thanks to 0.34 million shares amounting to $0.11 million.