Echelon Wealth Partners Analysts Give TAG Oil (TSE:TAO) a C$1.10 Price Target

TAG Oil (TSE:TAOGet Free Report) has been assigned a C$1.10 price target by equities research analysts at Echelon Wealth Partners in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock.

TAG Oil Price Performance

The firm has a market cap of C$11.10 million and a P/E ratio of 1.86. The business’s fifty day moving average price is C$0.13. The company has a current ratio of 81.24, a quick ratio of 81.14 and a debt-to-equity ratio of 0.26. TAG Oil has a twelve month low of C$0.09 and a twelve month high of C$0.42.

Insider Activity

In other TAG Oil news, Director Abdel Fattah Badwi purchased 80,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of C$0.38 per share, for a total transaction of C$30,400.00. In the last 90 days, insiders have acquired 91,500 shares of company stock worth $35,355.

TAG Oil Company Profile

(Get Free Report)

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.

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