Nokomis Capital L.L.C. cut its stake in TransAtlantic Petroleum Ltd (NYSEAMERICAN:TAT) (TSE:TNP) by 2.8% in the 1st quarter, HoldingsChannel reports. The fund owned 4,958,322 shares of the oil and natural gas company’s stock after selling 141,469 shares during the quarter. TransAtlantic Petroleum comprises about 1.2% of Nokomis Capital L.L.C.’s holdings, making the stock its 25th largest position. Nokomis Capital L.L.C. owned 0.10% of TransAtlantic Petroleum worth $6,396,000 as of its most recent filing with the SEC.

Separately, West Family Investments Inc. boosted its position in TransAtlantic Petroleum by 24.3% during the fourth quarter. West Family Investments Inc. now owns 1,465,392 shares of the oil and natural gas company’s stock valued at $1,932,000 after buying an additional 286,366 shares during the period.

TransAtlantic Petroleum opened at $1.49 on Thursday, according to MarketBeat Ratings. TransAtlantic Petroleum Ltd has a 12-month low of $0.58 and a 12-month high of $2.18.

TransAtlantic Petroleum (NYSEAMERICAN:TAT) (TSE:TNP) last posted its quarterly earnings results on Wednesday, May 9th. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter. TransAtlantic Petroleum had a negative net margin of 34.34% and a negative return on equity of 39.99%. The business had revenue of $16.93 million for the quarter.

About TransAtlantic Petroleum

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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Institutional Ownership by Quarter for TransAtlantic Petroleum (NYSEAMERICAN:TAT)

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