Insider Buying: TAG Oil Ltd (TSE:TAO) Director Acquires 25,000 Shares of Stock

TAG Oil Ltd (TSE:TAO) Director Toby Robert Pierce purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of C$0.42 per share, for a total transaction of C$10,375.00.

Toby Robert Pierce also recently made the following trade(s):

• On Friday, May 17th, Toby Robert Pierce purchased 25,000 shares of TAG Oil stock. The stock was purchased at an average price of C$0.46 per share, with a total value of C$11,375.00.

TAG Oil Stock Performance

The company has a 50-day moving average of C$0.13. TAG Oil Ltd has a 12-month low of C$0.09 and a 12-month high of C$0.42. The firm has a market capitalization of C$11.10 million and a P/E ratio of 1.86. The company has a current ratio of 81.24, a quick ratio of 81.14 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

Separately, Echelon Wealth Partners set a C$1.10 price target on TAG Oil and gave the stock a “speculative buy” rating in a report on Tuesday, February 27th.

TAG Oil Company Profile

TAG Oil Ltd. 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 in New Zealand; and a 100% interests in the Petroleum Lease 17 permit that covers 25,700 acres area located in the Surat Basin in Australia.