TransAtlantic Petroleum (NYSEAMERICAN:TAT) Trading 6.4% Higher

TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP)’s stock price traded up 6.4% on Wednesday . The stock traded as high as $0.53 and last traded at $0.50, 126,900 shares traded hands during mid-day trading. An increase of 202% from the average session volume of 42,024 shares. The stock had previously closed at $0.47.

TransAtlantic Petroleum (NYSEAMERICAN:TAT) (TSE:TNP) last released its quarterly earnings results on Tuesday, November 12th. The oil and natural gas company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $14.65 million during the quarter.

An institutional investor recently raised its position in TransAtlantic Petroleum stock. Morgan Stanley boosted its holdings in shares of TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,100 shares of the oil and natural gas company’s stock after acquiring an additional 25,700 shares during the period. Morgan Stanley owned 1.17% of TransAtlantic Petroleum worth $444,000 at the end of the most recent reporting period.

About TransAtlantic Petroleum (NYSEAMERICAN:TAT)

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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