TransAtlantic Petroleum Ltd. [AMEX:TAT] is seeing significant action in the Energy space. TAT stock has price per sales of 0.48 and price per cash flow of 0.70. The company is also booking -0.53 earnings per share.
The tape is active for TransAtlantic Petroleum Ltd. [TAT] and the current price target sits at $2.50.
To add more color to this price target, TAT’s high over the last year is $2.50 and the low is $2.50. Over the last two 52 weeks, the company is trading -47.94%, while the S&P 500 is trading 0.87%.
The Bears are coming
Holding a Market Cap of $21.99 million, TransAtlantic Petroleum Ltd. has seen a trading range over the last year of $0.12-$0.84.
For the last five days, TAT is up from its last closing price. The average shares trading hands each day is 3.16M, with average 10-day volume coming in at 6.92 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for TAT. When we apply the Elder Force Index to TransAtlantic Petroleum Ltd., we are seeing an Elder Force Indicator number of -525924.52.
The company’s enterprise value has gone from $13.95M to $23.09M quarter-over-quarter. This could be an inflection point for the company, but either way we believe you should be adding them to your watchlist.
In the last quarter, TAT made a profit of -1.8 million. TransAtlantic Petroleum Ltd. also saw quarter revenue growth year over year of -4.82%. In addition, the company has operating cash flow of $32.84 million.
Looking at popular technical indicators, the company’s 5-day moving average is 0.2764 compared to the 50-day moving average of 0.2420. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. TAT currently holds a 9-day RSI of 60.01%, while 100-day RSI stands at 49.15%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. TAT’s 9-day MACD is 0.0304 and the company’s 100-day MACD stands at 0.0169.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 55.05% by insiders and 7.46% by institutions.
Over the last six months, insiders have bought 7,363,053 with the most recent transaction from Mitchell Noah Malone III, Chief Executive Officer, with a purchase at price 0.38 per share.
Overall, the recommended rating for TAT is Hold. Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0.