TAG Oil Gets a Buy Rating from GMP FirstEnergy

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, TAG Oil (TSX: TAO). GMP FirstEnergy’s analyst Darren Engels reiterates their Buy rating on the shares today.

According to TipRanks.com, Engels is ranked #4207 out of 4573 analysts.

TAG Oil has an analyst consensus of Moderate Buy, with a price target consensus of C$1.13.

The company has a one year high of C$1.04 and a one year low of C$0.53. Currently, TAG Oil has an average volume of 101.9K.

TAG Oil Ltd. engages in oil and gas exploration activities in New Zealand. Its oil reserves operations include Cardiff Deep gas discovery, Cheal discoveries, Kaheru Offshore JV and Sidewinder discovery in Taranaki basin; Waitangi Hill discovery and Waipawa and Whangai source rock in unconventional oil. The company was founded by Alex P. Guidi on December 12, 1990 and is headquartered in Vancouver, Canada.

The company’s shares closed last Tuesday at $0.62.