TransAtlantic Petroleum (TSE:TNP) Shares Up 1.1%

TransAtlantic Petroleum Ltd (TSE:TNP) (NYSE:TAT)’s share price shot up 1.1% during trading on Wednesday . The company traded as high as C$0.97 and last traded at C$0.96, 3,000 shares changed hands during mid-day trading. An increase of 39% from the average session volume of 2,165 shares. The stock had previously closed at C$0.95.

The firm has a fifty day moving average price of C$1.03. The stock has a market cap of $48.82 million and a P/E ratio of -6.67. The company has a debt-to-equity ratio of 73.28, a current ratio of 1.23 and a quick ratio of 0.93.

TransAtlantic Petroleum (TSE:TNP) (NYSE:TAT) last announced its earnings results on Wednesday, May 8th. The oil and natural gas company reported C($0.09) EPS for the quarter. The company had revenue of C$25.32 million during the quarter. Equities research analysts anticipate that TransAtlantic Petroleum Ltd will post 0.06 earnings per share for the current year.

TransAtlantic Petroleum Company Profile (TSE:TNP)

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.

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