TAG Oil Ltd. (CVE:TAO – Free Report) – Research analysts at Ventum Cap Mkts cut their FY2024 earnings per share (EPS) estimates for shares of TAG Oil in a research report issued to clients and investors on Monday, December 9th. Ventum Cap Mkts analyst A. Gill now anticipates that the company will post earnings per share of ($0.03) for the year, down from their prior estimate of ($0.02). The consensus estimate for TAG Oil’s current full-year earnings is $0.13 per share.
Separately, Haywood Securities upgraded TAG Oil to a “strong-buy” rating in a report on Thursday, August 15th.
TAG Oil Price Performance
Shares of CVE:TAO opened at C$0.15 on Thursday. The stock’s 50 day moving average price is C$0.19. The firm has a market cap of C$26.84 million, a price-to-earnings ratio of -2.90 and a beta of -0.05. TAG Oil has a 1-year low of C$0.14 and a 1-year high of C$0.64.
About TAG Oil
TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, the Middle East, and North Africa. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.
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