TransAtlantic Petroleum Ltd (TNP) Price Target Increased to C$2.75 by Analysts at TD Securities

TransAtlantic Petroleum Ltd (TSE:TNP) had its price objective increased by equities researchers at TD Securities from C$2.25 to C$2.75 in a research report issued on Monday. The firm currently has a “speculative buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 80.92% from the company’s current price.

Shares of TransAtlantic Petroleum (TSE:TNP) traded down 1.97% during mid-day trading on Monday, hitting $1.49. 8,300 shares of the stock were exchanged. The firm’s market cap is $69.77 million. TransAtlantic Petroleum has a 12 month low of $0.71 and a 12 month high of $3.75. The stock’s 50 day moving average is $1.43 and its 200 day moving average is $1.17.

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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