TAG Oil’s (TAO) “Speculative Buy” Rating Reaffirmed at TD Securities
TD Securities reaffirmed their speculative buy rating on shares of TAG Oil Ltd (TSE:TAO) in a research note issued to investors on Friday morning. TD Securities currently has a C$1.25 price objective on the stock.
Separately, Dundee Securities dropped their price target on TAG Oil from C$1.20 to C$1.10 and set a buy rating on the stock in a research report on Monday, June 13th.
Shares of TAG Oil (TSE:TAO) opened at 0.91 on Friday. TAG Oil has a 52-week low of $0.49 and a 52-week high of $1.04. The stock’s market capitalization is $56.61 million. The firm has a 50-day moving average price of $0.86 and a 200-day moving average price of $0.82.
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.
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