Transatlantic Petroleum: 2Q Earnings Snapshot - Albuquerque Journal

Transatlantic Petroleum: 2Q Earnings Snapshot

ADDISON, Texas — Transatlantic Petroleum Ltd. (TAT) on Wednesday reported a loss of $7.7 million in its second quarter.

On a per-share basis, the Addison, Texas-based company said it had a loss of 12 cents. Losses, adjusted for non-recurring costs, came to 7 cents per share.

The oil and gas company posted revenue of $6.5 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit 27 cents. A year ago, they were trading at 78 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAT at https://www.zacks.com/ap/TAT


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