Positive Press Coverage Very Likely to Affect TransAtlantic Petroleum (TAT) Share Price

News coverage about TransAtlantic Petroleum (NYSE:TAT) (TSE:TNP) has been trending positive on Saturday, according to Alpha One Sentiment. The research firm, a unit of Accern, rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TransAtlantic Petroleum earned a coverage optimism score of 0.31 on Alpha One’s scale. Alpha One also assigned media headlines about the oil and natural gas company an impact score of 82 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the near term.

Shares of TransAtlantic Petroleum (NYSE:TAT) remained flat at $1.26 on Friday. The company had a trading volume of 13,855 shares. The company’s market cap is $59.19 million. TransAtlantic Petroleum has a 12-month low of $0.71 and a 12-month high of $1.68. The company’s 50 day moving average price is $1.42 and its 200-day moving average price is $1.23.

Separately, TD Securities downgraded TransAtlantic Petroleum from a “buy” rating to a “hold” rating in a report on Sunday, May 14th.

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In related news, CEO Noah Malone Mitchell III bought 80,000 shares of the stock in a transaction on Tuesday, March 28th. The shares were bought at an average cost of $1.20 per share, for a total transaction of $96,000.00. Following the purchase, the chief executive officer now owns 355,150 shares of the company’s stock, valued at approximately $426,180. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 230,000 shares of company stock worth $290,000 over the last quarter.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TAT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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