TD Securities covered TAG Oil (TSE:TAO), raising its stock price target to $1.25 today
- Updated: September 30, 2016
TD Securities upped the price target of TAG Oil (TSE:TAO) to $1.25 reporting a potential upside of 0.37%.
On Thursday September 08, 2016, TD Securities released a statement for TAG Oil (TSE:TAO) upped the target price from $0.00 to $1.25. At the time, this indicated a possible upside of 0.34%.
Only yesterday TAG Oil (TSE:TAO) traded -3.19% lower at $0.91. TAO’s 50-day average is $0.86 and its 200-day moving average is $0.82. The last closing price is up 11.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 14,571 shares of TAO changing hands under the typical 56,829
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TAG Oil has with a 52 week low of $0.49 and a one year high of $1.04 and has a total market value of $0.
About TAG Oil (TSE:TAO)
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. Within the Taranaki Basin, the Company holds various working interests, including approximately 100% interest in the Cheal PMP 38156 and the Sidewinder PMP 53803 mining permits; approximately 100% interest in PEP 55769 (Sidewinder East) and PEP 57065 (Sidewinder North) exploration permits; approximately 100% interest in PEP 57063 (Waiiti) exploration permit; over 70% interest in the Cheal North East PEP 54877 exploration permit; approximately 50% interest in the Cheal South PEP 54879 exploration permit, and over 70% interest in PEP 51153 (Puka) exploration permit.
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