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TAO : TAG Oil Ltd Stock Profile

TAO : TAG Oil Ltd Stock Profile

Last Updated: 3/12/2024 0:47:16

TAG Oil Ltd trades with the ticker TAO on the TSX and is in the Oil & Gas E&P industry.

Overview
TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. 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 on the North Island of New Zealand; and a 100% interest in the Petroleum Lease 17 permit that covers 120,340 acres in ATP 2037 and 138,132 acres in ATP 2038 located in the Surat Basin in Australia. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. TAG Oil Ltd. was incorporated in 1990 and is headquartered in Vancouver, Canada.
 

Looking to invest in TAG Oil Ltd? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

TAO.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $11.104MM

PE Ratio: 2.5

Price: 0.46 (Updated: 3/12/2024 0:47:16)



TAG Oil Ltd (TAO) vs Competitors in Oil & Gas E&P

Lets see how TAO.TO stacks up against others in the Oil & Gas E&P asset management industry. We have identified its main peers as:

Advantage Oil & Gas Ltd, Africa Oil Corp, ARC Resources Ltd, Athabasca Oil Corporation, Birchcliff Energy Ltd

.

Oil & Gas E&P Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Advantage Oil & Gas Ltd (AAV) $1,577.226 16.729 5.77 N/A%
Africa Oil Corp (AOI) $959.473 8.708 6.836 3.2%
ARC Resources Ltd (ARX) $13,990.234 8.981 4.539 2.9%
Athabasca Oil Corporation (ATH) $2,937.06 N/A 26.708 N/A%
Birchcliff Energy Ltd (BIR) $1,471.439 17.25 4.987 7.2%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within Oil & Gas E&P

  • TAG Oil Ltd (TAO) vs Advantage Oil & Gas Ltd (AAV)
    • AAV has higher EPS (0.59 vs 0.07). TAO provides dividends, while AAV does not. AAV has a higher P/E ratio (16.729 vs 2.5) indicating it’s more expensive.
  • TAG Oil Ltd (TAO) vs Africa Oil Corp (AOI)
    • AOI has higher EPS (0.24 vs 0.07). AOI has higher dividend yield (3.2% vs 0.0%). AOI has a higher P/E ratio (8.708 vs 2.5) indicating it’s more expensive.
  • TAG Oil Ltd (TAO) vs ARC Resources Ltd (ARX)
    • ARX has higher EPS (2.61 vs 0.07). ARX has higher dividend yield (2.9% vs 0.0%). ARX has a higher P/E ratio (8.981 vs 2.5) indicating it’s more expensive.
  • TAG Oil Ltd (TAO) vs Athabasca Oil Corporation (ATH)
    • TAO has higher EPS (0.07 vs -0.09). TAO provides dividends, while ATH does not. ATH has a P/E under 0, indicating TAO (P/E 2.5) is in a better position.
  • TAG Oil Ltd (TAO) vs Birchcliff Energy Ltd (BIR)
    • BIR has higher EPS (0.32 vs 0.07). BIR has higher dividend yield (7.2% vs 0.0%). BIR has a higher P/E ratio (17.25 vs 2.5) indicating it’s more expensive.

Our Recommendation: Hold
Has a lower P/E ratio (2.50) than the industry average (9.55), indicating potential undervaluation. Features a lower EV/EBITDA ratio (0.30) than the industry average (4.55), indicating attractive valuation.
 

How to Buy TAO stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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