Media stories about TransAtlantic Petroleum (NYSE:TAT) (TSE:TNP) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransAtlantic Petroleum earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the oil and natural gas company an impact score of 82 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the immediate future.
Separately, TD Securities lowered TransAtlantic Petroleum from a “buy” rating to a “hold” rating in a research report on Sunday, May 14th.
Shares of TransAtlantic Petroleum (NYSE TAT) traded up 1.79% during midday trading on Friday, reaching $1.14. The company had a trading volume of 49,612 shares. TransAtlantic Petroleum has a one year low of $0.71 and a one year high of $1.68. The company’s market capitalization is $53.56 million. The company has a 50 day moving average of $1.34 and a 200 day moving average of $1.25.
In related news, CEO Noah Malone Mitchell III acquired 80,000 shares of TransAtlantic Petroleum stock in a transaction dated Thursday, March 30th. The shares were purchased at an average cost of $1.30 per share, with a total value of $104,000.00. Following the completion of the purchase, the chief executive officer now owns 395,150 shares of the company’s stock, valued at $513,695. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired 230,000 shares of company stock worth $290,000 in the last 90 days.
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About TransAtlantic Petroleum
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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