Should I buy or sell TAG Oil stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TAG Oil in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TAO shares. View TAO analyst ratings or view top-rated stocks .

What is TAG Oil's stock price target for 2024?

1 brokerages have issued 12 month target prices for TAG Oil's shares. Their TAO share price targets range from C$1.10 to C$1.10. On average, they predict the company's stock price to reach C$1.10 in the next year. View analysts price targets for TAO or view top-rated stocks among Wall Street analysts .

How were TAG Oil's earnings last quarter?

TAG Oil Ltd (TSE:TAO) announced its earnings results on Thursday, June, 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. The firm had revenue of $6.26 million for the quarter, compared to analysts' expectations of $2 million.

Is TAG Oil a good dividend stock?

TAG Oil (TSE:TAO) pays an annual dividend of C$1.65 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 2,357.14%. Payout ratios above 75% are not desirable because they may not be sustainable.

What other stocks do shareholders of TAG Oil own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TAG Oil investors own include Seabridge Gold (SA) , Bombardier, Inc. Class B (BBD.B) , Credit Suisse High Yield Bond Fund (DHY) , Holly Energy Partners (HEP) , Pretium Resources (PVG) , Banco Bradesco (BBD) , Invesco Senior Loan ETF (BKLN) , Fibrocell Science (FCSC) , Fusionex International (FXI) and Granite Oil (GXOCF) .

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 .

TSE:TAO

TAG Oil (TAO) Stock Price, News & Analysis

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Today's Range: N/A
50-Day Range: C$0.13
▼
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

Stock Analysis

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TAG Oil MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: ∞ Upside
C$1.10 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$30,955 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.56 out of 5 stars

3.5

Analyst's Opinion

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 only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for TAO.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TAO.

0.6

News and Social Media Coverage

Search Interest
2 people have searched for TAO on MarketBeat in the last 30 days.

1.7

Company Ownership

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$30,955.00 in company stock and sold C$0.00 in company stock.

1.3

Earnings and Valuation

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 136.92.
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 18.65.

See Top Rated MarketRank™ Stocks Here

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About TAG Oil Stock (TSE:TAO)

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.

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TAO Stock News Headlines

April 10, 2024 | finance.yahoo.com

TAG Oil to Commence Hydraulic Fracture Stimulation of BED4-T100 Horizontal Well

March 26, 2024 | nasdaq.com

VEGOILS-Palm oil extends gains on higher oil prices

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March 25, 2024 | nasdaq.com

VEGOILS-Palm oil climbs on strong export data, weak output growth

March 25, 2024 | nasdaq.com

VEGOILS-Palm oil tracks rivals lower, extends losses for third session

March 21, 2024 | nasdaq.com

VEGOILS-Palm oil rises for second session on Dalian strength

March 18, 2024 | nasdaq.com

VEGOILS-Palm oil tracks rival oils higher; output expectations, exports cap gains

March 18, 2024 | finance.yahoo.com

TAG Oil Completes Drilling Stage of BED4-T100 Horizontal Well

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March 14, 2024 | ca.finance.yahoo.com

TAG Oil Ltd. (TAO.V)

March 12, 2024 | nasdaq.com

VEGOILS-Palm oil hovering around 8-month highs as stronger rivals offset lower exports

March 11, 2024 | tmcnet.com

UpLift Accelerates into Higher Ed with Acquisition of TAO Connect

March 11, 2024 | nasdaq.com

VEGOILS-Palm oil opens lower as market awaits output data

February 23, 2024 | nasdaq.com

VEGOILS-Palm drops for second straight session on weaker Dalian vegetable oils

February 22, 2024 | nasdaq.com

VEGOILS-Palm ends lower on profit taking, lack of fresh buying

February 21, 2024 | nasdaq.com

VEGOILS-Palm oil tracks rival oils higher, reverses previous session's losses

February 19, 2024 | nasdaq.com

VEGOILS-Palm oil snaps two sessions of losses on stronger rivals

February 8, 2024 | nasdaq.com

VEGOILS-Palm rises on stronger rival oils amid supply worries

January 30, 2024 | nasdaq.com

VEGOILS-Palm oil futures drop 1% on weak rival edible oils

January 5, 2024 | investing.com

TAG Oil Ltd. (TAO)

December 20, 2023 | finance.yahoo.com

TAG Oil Announces Change of Financial Year End

November 29, 2023 | ca.finance.yahoo.com

TAG Oil Reports Q2 2024 Results

November 20, 2023 | finance.yahoo.com

Will TAG Oil (CVE:TAO) Spend Its Cash Wisely?

November 15, 2023 | finance.yahoo.com

TAG Oil Provides Update on BED4-T100 Well Drilling Operations

November 8, 2023 | msn.com

Revolutionizing Egyptian Oil Exploration

October 25, 2023 | nasdaq.com

VEGOILS-Palm oil falls to 2-week low on stronger ringgit, rival oil weakness

October 20, 2023 | nasdaq.com

VEGOILS-Palm logs weekly gain on strong exports, crude oil prices

See More Headlines

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Company Calendar

Last Earnings: 6/29/2017
Today: 4/19/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Oils/Energy
Industry: Oil & Gas E & P
Sub-Industry: N/A
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

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Key Executives

Mr. Toby Robert Pierce B.Sc. (Age 46)
MBA, CEO & Director
Mr. Barry A. B. MacNeil CPA (Age 58)
CGA, Chief Financial Officer
Mr. Henrik Lundin B.Sc
Chief Operating Officer
Dr. David John Bennett (Age 73)
Technical Director & Director
Mr. Max Murray
New Zealand Country Mang.

Key Competitors

View All Competitors

Insiders

TAO Stock Analysis - Frequently Asked Questions

Should I buy or sell TAG Oil stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TAG Oil in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TAO shares.
View TAO analyst ratings or view top-rated stocks.
What is TAG Oil's stock price target for 2024?: 1 brokerages have issued 12 month target prices for TAG Oil's shares. Their TAO share price targets range from C$1.10 to C$1.10. On average, they predict the company's stock price to reach C$1.10 in the next year.
View analysts price targets for TAO or view top-rated stocks among Wall Street analysts.
How were TAG Oil's earnings last quarter?: TAG Oil Ltd (TSE:TAO) announced its earnings results on Thursday, June, 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.01. The firm had revenue of $6.26 million for the quarter, compared to analysts' expectations of $2 million.
Is TAG Oil a good dividend stock?: TAG Oil (TSE:TAO) pays an annual dividend of C$1.65 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 2,357.14%. Payout ratios above 75% are not desirable because they may not be sustainable.

What other stocks do shareholders of TAG Oil own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TAG Oil investors own include Seabridge Gold (SA), Bombardier, Inc. Class B (BBD.B), Credit Suisse High Yield Bond Fund (DHY), Holly Energy Partners (HEP), Pretium Resources (PVG), Banco Bradesco (BBD), Invesco Senior Loan ETF (BKLN), Fibrocell Science (FCSC), Fusionex International (FXI) and Granite Oil (GXOCF).
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.

This page (TSE:TAO) was last updated on 4/19/2024 by MarketBeat.com Staff

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TAG Oil (TAO) Stock Price, News & Analysis