TransAtlantic Petroleum Ltd (TAT) Position Reduced by Nokomis Capital L.L.C.

Nokomis Capital L.L.C. lessened its stake in TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) by 2.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,958,322 shares of the oil and natural gas company’s stock after selling 141,469 shares during the quarter. TransAtlantic Petroleum comprises about 1.2% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 25th largest holding. Nokomis Capital L.L.C. owned about 9.84% of TransAtlantic Petroleum worth $6,396,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, West Family Investments Inc. raised its holdings in TransAtlantic Petroleum by 24.3% during the fourth quarter. West Family Investments Inc. now owns 1,465,392 shares of the oil and natural gas company’s stock worth $1,932,000 after acquiring an additional 286,366 shares in the last quarter.

NYSEAMERICAN:TAT opened at $1.49 on Thursday. TransAtlantic Petroleum Ltd has a 12-month low of $0.58 and a 12-month high of $2.18.

TransAtlantic Petroleum (NYSEAMERICAN:TAT) (TSE:TNP) last announced its earnings results on Wednesday, May 9th. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter. TransAtlantic Petroleum had a negative return on equity of 39.99% and a negative net margin of 34.34%. The company had revenue of $16.93 million during the quarter.

TransAtlantic Petroleum Profile

TransAtlantic Petroleum Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. As of December 31, 2017, it had interests in 5 onshore exploration licenses and 17 onshore production leases covering an area of 438,000 net acres with a total net proved reserves of 14,783 Mbbl of oil and 4,158 Mmcf of natural gas located in Turkey; and a production concession covering an area of approximately 163,000 net undeveloped acres located in Bulgaria.

Institutional Ownership by Quarter for TransAtlantic Petroleum (NYSEAMERICAN:TAT)

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