TAG Oil Ltd (TAO) Hits New 1-Year Low at $0.49
Shares of TAG Oil Ltd (TSE:TAO) reached a new 52-week low on Monday . The stock traded as low as C$0.49 and last traded at C$0.49, with a volume of 11,200 shares changing hands. The stock had previously closed at C$0.49.
The stock has a market capitalization of $41.36 million and a price-to-earnings ratio of 1.325. The firm’s 50 day moving average is $0.55 and its 200-day moving average is $0.60.
TAG Oil (TSE:TAO) last posted its quarterly earnings results on Thursday, June 29th. The company reported C($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.03) by C($0.01). The firm had revenue of C$6.26 million during the quarter, compared to analyst estimates of C$2.00 million. TAG Oil had a negative return on equity of 7.20% and a negative net margin of 40.36%. On average, analysts anticipate that TAG Oil Ltd will post ($0.06) earnings per share for the current fiscal year.
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TAG Oil Company Profile
TAG Oil Ltd. engages in the exploration, development, and production of oil and gas. 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, which is located in the Surat Basin in Australia.
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