TransAtlantic Petroleum Ltd (TAT) Expected to Post Earnings of -$0.03 Per Share

Analysts expect TransAtlantic Petroleum Ltd (NYSE:TAT) (TSE:TNP) to report ($0.03) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for TransAtlantic Petroleum’s earnings. TransAtlantic Petroleum reported earnings per share of ($0.14) during the same quarter last year, which suggests a positive year over year growth rate of 78.6%. The firm is expected to issue its next quarterly earnings report on Tuesday, May 9th.

According to Zacks, analysts expect that TransAtlantic Petroleum will report full-year earnings of ($0.08) per share for the current financial year. Zacks’ EPS calculations are an average based on a survey of research analysts that cover TransAtlantic Petroleum.

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Shares of TransAtlantic Petroleum (NYSE:TAT) remained flat at $1.39 during midday trading on Thursday. 61,599 shares of the stock traded hands. TransAtlantic Petroleum has a 1-year low of $0.71 and a 1-year high of $1.56. The firm’s market cap is $65.17 million. The company’s 50 day moving average price is $1.32 and its 200 day moving average price is $1.16.

In related news, CEO Noah Malone Mitchell III purchased 80,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was bought at an average price of $1.30 per share, for a total transaction of $104,000.00. Following the purchase, the chief executive officer now owns 395,150 shares in the company, valued at approximately $513,695. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 230,000 shares of company stock valued at $290,000.

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.

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