The TransAtlantic Petroleum Ltd. (TAT) shares are trading at higher $0.49 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $0.81 and the low is $0.12. Over the last 52 weeks, TAT is down -39.86% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, TAT reported a profit of $-22.1 million. TransAtlantic Petroleum Ltd. also saw revenues decrease to $8.36 million. In addition, TAT has free cash flow of $11.0 million as of 03-2020. The company’s EBITDA came in at -$19.1 million which compares well with its peers.
TAT booked profit margins of -44.80%, its Return on Equity (ROE) is -796.40%, and its Return on Assets is -19.30%. All told, it is clear that, TAT needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TAT has a short ratio of 0.20 and outstanding shares of 62.31M.
TAT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.61 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.41. TransAtlantic Petroleum Ltd. TAT also noted assets of $103.21 million at the end of the last quarter. Investors should also keep an eye on sector updates as TAT has historically followed its peers on positive news.
All told, TransAtlantic Petroleum Ltd. TAT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TAT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
TransAtlantic Petroleum Ltd. TAT is now commanding a market cap of 31.47M and a float of 27.44M. TAT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TAT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in TAT, either long or short, and we have not been compensated for this article.