Ventum Financial Has Lowered Expectations for TAG Oil (TSE:TAO) Stock Price

TAG Oil (TSE:TAO) had its target price cut by stock analysts at Ventum Financial from C$1.10 to C$0.50 in a research note issued to investors on Monday,BayStreet.CA reports. Ventum Financial’s price objective would indicate a potential upside of 284.62% from the company’s current price.

TAG Oil Stock Performance

Shares of TAG Oil stock traded down C$0.07 during trading hours on Monday, hitting C$0.13. The company’s stock had a trading volume of 63,400 shares, compared to its average volume of 119,400. 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 12-month low of C$0.09 and a 12-month high of C$0.42. The stock has a 50 day moving average price of C$0.13. The firm has a market cap of C$11.10 million and a P/E ratio of 1.86.

Insider Buying and Selling

In other TAG Oil news, Director Abdel Fattah Badwi purchased 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average cost of C$0.15 per share, with a total value of C$30,000.00.

TAG Oil Company Profile

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.