TAG Oil Ltd (TSE:TAO) had its price objective raised by stock analysts at TD Securities from C$1.30 to C$1.40 in a note issued to investors on Wednesday. The firm currently has a “speculative buy” rating on the stock. TD Securities’ target price points to a potential upside of 66.67% from the company’s previous close.

TAG Oil (TSE:TAO) opened at 0.84 on Wednesday. TAG Oil has a one year low of $0.49 and a one year high of $1.04. The stock’s 50 day moving average is $0.86 and its 200-day moving average is $0.84. The firm’s market capitalization is $52.26 million.

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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