TAG Oil (TAO) Stock Price, News & Analysis

Company Overview

TAG Oil Ltd. engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. The company operates eight exploration and production permits in New Zealand; and an exploration and production permit in Australia. It holds interests in the Taranaki basin located in New Zealand; and a 100% interests in the Petroleum Lease 17 permit that covers 25,700 acres area located in the Surat Basin in Australia. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. TAG Oil Ltd. was founded in 1990 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: N/A
• 50-Day Range: C$0.13 to C$0.13
• 52-Week Range: N/A
• Volume: 63,400 shs
• Average Volume: 119,400 shs
• Market Capitalization: C$11.10 million
• P/E Ratio: 1.86
• Dividend Yield: N/A
• Price Target: C$1.10
• Consensus Rating: Buy

TAG Oil Stock Analysis - MarketRank™

TAG Oil scored higher than 59% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

TAG Oil has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

TAG Oil has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of TAG Oil is 1.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.10.

Price to Earnings Ratio vs. Sector

The P/E ratio of TAG Oil is 1.86, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.80.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TAO.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

TAG Oil does not currently pay a dividend.

Dividend Growth

TAG Oil does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of TAG Oil is 2,357.14%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TAO.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

TAG Oil has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for TAG Oil this week, compared to 0 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, TAG Oil insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$30,000.00 in company stock and sold C$0.00 in company stock.

TAO Stock Analysis - Frequently Asked Questions

How were TAG Oil's earnings last quarter?

TAG Oil Ltd (TSE:TAO) announced its quarterly earnings data on Thursday, June, 29th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by $0.01. The firm earned $6.26 million during the quarter, compared to analyst estimates of $2 million.

How do I buy shares of TAG Oil?

Shares of TAO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of TAG Oil own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TAG Oil investors own include Seabridge Gold (SA), NVIDIA (NVDA), Bombardier, Inc. Class B (BBD.B), Baytex Energy (BTE), Credit Suisse High Yield Bond Fund (DHY), Holly Energy Partners (HEP) and Meta Platforms (META).

Company Calendar

• Last Earnings: 6/29/2017
• Today: 11/04/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Oils/Energy
• Industry: Oil & Gas E & P
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: TSE:TAO
• CUSIP: N/A
• CIK: N/A
• Web: www.tagoil.com
• Phone: +1-604-6826496
• Fax: N/A
• Employees: 25
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$1.10
• High Stock Price Target: C$1.10
• Low Stock Price Target: C$1.10
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 1.86
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 81.24
• Quick Ratio: 81.14

Sales & Book Value

• Annual Sales: C$21.58 million
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 0.30
• Book Value: C$0.66 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 85,416,000
• Free Float: N/A
• Market Cap: C$11.10 million
• Optionable: Not Optionable
• Beta: N/A