TD Securities Reiterates “Speculative Buy” Rating for TAG Oil Ltd (TAO)
TAG Oil Ltd (TSE:TAO)‘s stock had its “speculative buy” rating restated by equities research analysts at TD Securities in a note issued to investors on Friday. They presently have a C$1.25 price objective on the stock. TD Securities’ price target indicates a potential upside of 32.98% from the company’s current price.
Separately, Dundee Securities decreased their target price on shares of TAG Oil from C$1.20 to C$1.10 and set a “buy” rating on the stock in a research note on Monday, June 13th.
Shares of TAG Oil (TSE:TAO) opened at 0.94 on Friday. The company’s market cap is $58.48 million. The company’s 50-day moving average is $0.87 and its 200-day moving average is $0.82. TAG Oil has a 12-month low of $0.49 and a 12-month high of $1.04.
About TAG Oil
TAG Oil Ltd. (TAG) is an oil and gas producer and explorer with operations and production infrastructure in the Taranaki Basin of New Zealand. The Company’s property, Taranaki Basin, is an oil, gas and condensate rich area located on the North Island of New Zealand. The Taranaki Basin covers an area of approximately 100,000 square kilometers.
Receive News & Ratings for TAG Oil Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAG Oil Ltd and related companies with MarketBeat.com's FREE daily email newsletter.