AMEX:TAT

Stock Analysis Report

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

Fundamentals

Mediocre 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


Market Performance


7 Day Return

-13.0%

TAT

0.8%

US Oil and Gas

2.3%

US Market


1 Year Return

-65.5%

TAT

-22.2%

US Oil and Gas

5.6%

US Market

Return vs Industry: TAT underperformed the US Oil and Gas industry which returned -22.2% over the past year.

Return vs Market: TAT underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

TATIndustryMarket
7 Day-13.0%0.8%2.3%
30 Day-37.7%-7.9%-1.0%
90 Day-36.0%-8.3%-0.7%
1 Year-65.5%-65.5%-19.3%-22.2%7.9%5.6%
3 Year-60.3%-60.3%-8.2%-16.4%45.6%36.3%
5 Year-93.3%-93.3%-23.7%-34.3%65.8%47.6%

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

Undervalued: TAT ($0.48) is trading below our estimate of fair value ($1.11)

Significantly Undervalued: 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 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

Low 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 is overvalued based on its PB Ratio (6.4x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

15.1%

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?

-19.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TAT is unprofitable, and losses have increased over the past 5 years at a rate of -19.4% 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 (22.6%).


Return on Equity

High ROE: TAT has a negative Return on Equity (-12.69%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TAT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TAT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is TransAtlantic Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: TAT's short term assets ($54.4M) exceeds its short term liabilities ($46.7M)

Long Term Liabilities: TAT's short term assets (54.4M) exceeds its long term liabilities (47.4M)


Debt to Equity History and Analysis

Debt Level: TAT's debt to equity ratio (62.4%) is considered high

Reducing Debt: TAT's debt to equity ratio has increased from 50.3% to 62.4% over the past 5 years.


Balance Sheet

Inventory Level: TAT has a high level of physical assets or inventory.

Debt Coverage by Assets: TAT's debt is covered by short term assets (assets are 1.743580x debt).


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: TAT has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TAT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of TransAtlantic Petroleum's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

N. Mitchell (57yo)

8.4yrs

Tenure

US$2,429,425

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 ($USD2.43M) is about average for companies of similar size in the US market ($USD493.00K).

Compensation vs Earnings: N. 's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

3.8yrs

Average Tenure

47yo

Average Age

Experienced Management: TAT's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

65yo

Average Age

Experienced Board: TAT's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$2,15902 Jul 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares2,716
Max PriceUS$0.80
BuyUS$49,24614 Jun 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares62,105
Max PriceUS$0.80
BuyUS$41,20611 Jun 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares52,575
Max PriceUS$0.79
SellUS$5,248,77410 Jun 19
Dalea Management, LLC
EntityCompany
Shares6,772,612
Max PriceUS$0.78
BuyUS$5,248,77410 Jun 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares6,772,612
Max PriceUS$0.78
BuyUS$113,60631 May 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares142,068
Max PriceUS$0.80
BuyUS$2,48028 May 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares3,100
Max PriceUS$0.80
BuyUS$8,10020 May 19
KMF Advisers, LLC
EntityCompany
Shares10,000
Max PriceUS$0.81
BuyUS$23,84217 May 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares29,802
Max PriceUS$0.80
BuyUS$24,42716 May 19
KMF Advisers, LLC
EntityCompany
Shares30,000
Max PriceUS$0.82
BuyUS$10,98514 May 19
KMF Advisers, LLC
EntityCompany
Shares13,958
Max PriceUS$0.80
BuyUS$55,44414 May 19
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares70,780
Max PriceUS$0.80
BuyUS$42,18802 Jan 19
KMF Advisers, LLC
EntityCompany
Shares40,000
Max PriceUS$1.05
BuyUS$82,74627 Dec 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares81,124
Max PriceUS$1.02
BuyUS$3,05021 Dec 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares2,996
Max PriceUS$1.02
BuyUS$9,67218 Dec 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares9,532
Max PriceUS$1.02
BuyUS$53,85213 Dec 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares52,803
Max PriceUS$1.02
BuyUS$79,04910 Dec 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares77,940
Max PriceUS$1.02
BuyUS$13,37204 Dec 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares13,372
Max PriceUS$1.00
BuyUS$97,26330 Nov 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares97,270
Max PriceUS$1.00
BuyUS$10,43128 Nov 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares10,431
Max PriceUS$1.00
BuyUS$513,32520 Nov 18
N. Mitchell
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares513,350
Max PriceUS$1.00

Ownership Breakdown


Management Team

  • N. Mitchell (57yo)

    Chairman & CEO

    • Tenure: 8.4yrs
    • Compensation: US$2.43m
  • Todd Dutton (65yo)

    President

    • Tenure: 5.4yrs
    • Compensation: US$983.29k
  • Noah Mitchell

    Vice President

    • Tenure: 5.8yrs
  • Selami Uras

    Executive Vice President of Turkey

    • Tenure: 7.8yrs
  • Michael Hill (37yo)

    Principal Financial Officer & Chief Accounting Officer

    • Tenure: 0.8yrs
  • Veli Ülker

    Chief Financial Officer of Eastern Europe

    • Tenure: 2.2yrs
  • Tabitha Bailey (33yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 0.8yrs
  • Ozan Ulker

    Chief Financial Officer of Turkey

    • Tenure: 0yrs
  • Marc Hornbrook

    Vice President of Operations

    • Tenure: 0.8yrs

Board Members

  • Mel Riggs (64yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$104.66k
  • Bob Alexander (85yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$85.66k
  • Charles Campise (68yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$89.16k
  • N. Mitchell (57yo)

    Chairman & CEO

    • Tenure: 8.4yrs
    • Compensation: US$2.43m
  • Greg Renwick (70yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$66.66k
  • Randy Rochman (60yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$81.66k
  • Lee Muncy (66yo)

    Director

    • Tenure: 0.5yrs
    • Compensation: US$313.10k
  • Jonathon Fite (45yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$66.66k

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$26.410m
  • Shares outstanding: 55.04m
  • Website: https://www.transatlanticpetroleum.com

Number of Employees


Location

  • TransAtlantic Petroleum Ltd.
  • 16803 Dallas Parkway
  • 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

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 3 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:42
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.