Schroder Investment Management Group maintained its stake in TransAtlantic Petroleum Ltd (NYSE:TAT) during the second quarter, Holdings Channel reports. The institutional investor owned 2,771,320 shares of the company’s stock at the end of the second quarter. Schroder Investment Management Group owned about 6.80% of TransAtlantic Petroleum worth $2,976,000 at the end of the most recent quarter.
Shares of TransAtlantic Petroleum Ltd (NYSE:TAT) traded up 4.2650% during midday trading on Thursday, reaching $1.2199. The company had a trading volume of 42,213 shares. The firm’s market capitalization is $57.12 million. TransAtlantic Petroleum Ltd has a 12-month low of $0.52 and a 12-month high of $3.31. The company has a 50 day moving average of $0.86 and a 200 day moving average of $0.87.
TransAtlantic Petroleum (NYSE:TAT) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.12. Analysts anticipate that TransAtlantic Petroleum Ltd will post ($0.32) EPS for the current year.
Separately, TD Securities upgraded TransAtlantic Petroleum from a “hold” rating to a “speculative buy” rating in a research note on Friday, September 9th.
In other news, CEO Noah Malone Mitchell III acquired 1,068,836 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was acquired at an average price of $0.66 per share, for a total transaction of $705,431.76. Following the completion of the acquisition, the chief executive officer now owns 335,150 shares in the company, valued at $221,199. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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