AMEX:TAT

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TransAtlantic Petroleum

Executive Summary

TransAtlantic Petroleum Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in Turkey and Bulgaria.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has TransAtlantic Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TAT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.5%

TAT

0.9%

US Oil and Gas

1.5%

US Market


1 Year Return

-64.2%

TAT

-40.7%

US Oil and Gas

6.9%

US Market

Return vs Industry: TAT underperformed the US Oil and Gas industry which returned -43.3% over the past year.

Return vs Market: TAT underperformed the US Market which returned 5.3% over the past year.


Shareholder returns

TATIndustryMarket
7 Day-7.5%0.9%1.5%
30 Day-17.8%-7.4%5.9%
90 Day27.7%13.7%17.9%
1 Year-64.2%-64.2%-37.9%-40.7%9.2%6.9%
3 Year-76.8%-76.8%-33.3%-40.4%36.4%27.5%
5 Year-93.3%-93.3%-35.6%-46.2%64.9%47.0%

Price Volatility Vs. Market

How volatile is TransAtlantic Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TransAtlantic Petroleum undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TAT ($0.26) is trading below our estimate of fair value ($24.72)

Significantly Below Fair Value: TAT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TAT is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: TAT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TAT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TAT has negative assets, so we can't compare its PB Ratio to the US Oil and Gas industry average.


Next Steps

Future Growth

How is TransAtlantic Petroleum forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

51.2%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TransAtlantic Petroleum has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has TransAtlantic Petroleum performed over the past 5 years?

-5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAT is currently unprofitable.

Growing Profit Margin: TAT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TAT is unprofitable, and losses have increased over the past 5 years at a rate of -5.7% per year.

Accelerating Growth: Unable to compare TAT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TAT is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-21.6%).


Return on Equity

High ROE: TAT has a negative Return on Equity (-67.51%), as it is currently unprofitable.


Next Steps

Financial Health

How is TransAtlantic Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: TAT's short term assets ($36.8M) exceed its short term liabilities ($33.6M).

Long Term Liabilities: TAT's short term assets ($36.8M) exceed its long term liabilities ($31.9M).


Debt to Equity History and Analysis

Debt Level: TAT's debt to equity ratio (28.3%) is considered satisfactory.

Reducing Debt: TAT's debt to equity ratio has reduced from 81.9% to 28.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TAT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TAT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.4% per year.


Next Steps

Dividend

What is TransAtlantic Petroleum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TAT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TAT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TAT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TAT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

N. Mitchell (58yo)

9.17yrs

Tenure

US$2,074,756

Compensation

Mr. N. Malone Mitchell III, has been Manager of General Partner at Longfellow Energy, LP since 2018. He has been the Chief Executive Officer of TransAtlantic Petroleum Ltd. since May 6, 2011. He is also th ...


CEO Compensation Analysis

Compensation vs Market: N.'s total compensation ($USD2.07M) is above average for companies of similar size in the US market ($USD618.98K).

Compensation vs Earnings: N.'s compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
N. Mitchell
Chairman & CEO9.17yrsUS$2.07m3.64% $583.9k
Selami Uras
Executive Vice President of Turkey8.5yrsUS$675.24k0.16% $26.1k
Todd Dutton
President6.17yrsUS$983.29k0.021% $3.3k
Michael Hill
Principal Accounting & Financial Officer and Chief Accounting Officer1.5yrsno data0.019% $3.0k
Tabitha Bailey
VP, General Counsel & Corporate Secretary1.5yrsno data0.045% $7.3k
Veli Ülker
Chief Financial Officer of Eastern Europe2.92yrsno datano data
Noah Mitchell
Vice President6.5yrsno data1.56% $249.8k

6.2yrs

Average Tenure

58yo

Average Age

Experienced Management: TAT's management team is seasoned and experienced (6.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
N. Mitchell
Chairman & CEO9.17yrsUS$2.07m3.64% $583.9k
K. Krist
Independent Director0.25yrno datano data
Charles Campise
Independent Director8.08yrsUS$87.60k0.20% $31.8k
Gregory Renwick
Independent Director6.42yrsUS$65.10k0.20% $32.9k
Randall Rochman
Independent Director3.58yrsUS$65.10k0.83% $132.6k
Harold Muncy
Director1.25yrsUS$12.50k0.071% $11.5k
Jonathon Fite
Independent Director3.58yrsUS$65.10k0.17% $27.8k

3.6yrs

Average Tenure

62yo

Average Age

Experienced Board: TAT's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.6%.


Top Shareholders

Company Information

TransAtlantic Petroleum Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TransAtlantic Petroleum Ltd.
  • Ticker: TAT
  • Exchange: AMEX
  • Founded: 1985
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$16.058m
  • Shares outstanding: 62.39m
  • Website: https://www.transatlanticpetroleum.com

Number of Employees


Location

  • TransAtlantic Petroleum Ltd.
  • 16803 Dallas Parkway
  • Suite 200
  • Addison
  • Texas
  • 75001
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TATAMEX (NYSE MKT LLC)YesCommon SharesUSUSDJun 2003
TNPTSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 2003
TRT1DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2003
0UE7LSE (London Stock Exchange)YesCommon SharesGBUSDJun 2003

Biography

TransAtlantic Petroleum Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in Turkey and Bulgaria. As of December 31, 2019, it had interests in 4 onshore exploration licenses and 20 onshore production leases covering an area of 436,388 net acres with a total net proved reserves of 10,259 thousand barrels of oil and 2,466 million cubic feet of natural gas located in Turkey, as well as a production concession covering an area of approximately 162,800 net undeveloped acres located in Bulgaria. The company was incorporated in 1985 and is based in Addison, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/15 00:09
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.