TD Securities Reaffirms Speculative Buy Rating for TAG Oil Ltd (TAO)

TD Securities reiterated their speculative buy rating on shares of TAG Oil Ltd (TSE:TAO) in a research report released on Friday morning. The firm currently has a C$1.25 target price on the stock.

Separately, Dundee Securities cut their price objective 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.

TAG Oil (TSE:TAO) opened at 0.94 on Friday. The firm has a 50-day moving average price of $0.87 and a 200-day moving average price of $0.82. The company’s market cap is $58.48 million. TAG Oil has a 52 week low of $0.49 and a 52 week high of $1.04.

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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