TAG Oil Reports Q1 2025 Financial Results and Strategic Developments

TAG Oil ( (TSE:TAO) ) has shared an announcement.

TAG Oil Ltd. reported its financial results for the first quarter of 2025, showing a decrease in cash and cash equivalents from the previous quarter but maintaining stable working capital with no debt. The company produced an average of 130 barrels of oil per day from its Badr Oil Field wells, with crude oil sales averaging 142 barrels per day. Temporary shut-ins for reservoir pressure build-up indicated minimal depletion, and construction improvements were completed on early production facilities. TAG Oil is progressing towards a strategic asset acquisition in Egypt and seeking a partner to accelerate drilling in the BED-1 field.

The most recent analyst rating on (TSE:TAO) stock is a Buy with a C$1.10 price target. To see the full list of analyst forecasts on TAG Oil stock, see the TSE:TAO Stock Forecast page.

Spark’s Take on TSE:TAO Stock

According to Spark, TipRanks’ AI Analyst, TSE:TAO is a Underperform.

TAG Oil’s overall stock score is low, primarily due to significant financial challenges, including negative profitability and cash flow issues. While technical indicators offer some neutral signals, the negative valuation metrics further weigh down the score, reflecting a cautious outlook for investors.

To see Spark’s full report on TSE:TAO stock, click here.

More about TAG Oil

TAG Oil Ltd. is a Canadian-based international oil and gas exploration company focusing on operations and opportunities in the Middle East and North Africa.

Average Trading Volume: 352,709

Technical Sentiment Signal: Sell

Current Market Cap: C$27.18M

See more insights into TAO stock on TipRanks’ Stock Analysis page.