TAG Oil Ltd. J (TSE:TAO)
:TAO
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TAG Oil
(TAO)
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Rating:48Neutral
Price Target:
C$0.08
▼(-6.67% Downside)
Action:ReiteratedDate:02/04/26
The score is primarily held back by very weak operating performance and cash flow (losses and ongoing cash burn). A low-leverage balance sheet provides some offset by improving financial flexibility, while technicals are neutral-to-slightly improving and valuation is constrained by a negative P/E.
Positive Factors
Low leverage / strong balance sheet
TAG Oil's very low debt-to-equity (~0.03) and sizable equity base give the company durable financial flexibility. Over the next 2–6 months this reduces refinancing risk, supports funding of exploration/appraisal activity, and provides runway to pursue asset deals or partner-funded programs without immediate capital markets dependence.
Negative Factors
Negative cash generation
The company is a persistent cash burner with negative operating cash flow and deeply negative free cash flow. Over months this drains liquidity and forces reliance on the balance sheet, asset sales, or external financing, constraining ability to fund sustained exploration or move discoveries to development without dilution or partner transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
TAG Oil's very low debt-to-equity (~0.03) and sizable equity base give the company durable financial flexibility. Over the next 2–6 months this reduces refinancing risk, supports funding of exploration/appraisal activity, and provides runway to pursue asset deals or partner-funded programs without immediate capital markets dependence.
Read all positive factors
TAG Oil (TAO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$20.38M
Dividend YieldN/A
Average Volume (3M)147.36K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth257.86%
EPS Growth57.88%
CountryCA
Employees12
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.00
Shares Outstanding226,461,700
10 Day Avg. Volume225,489
30 Day Avg. Volume147,364
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.52
Price to Sales (P/S)29.90
P/FCF Ratio-1.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.01
Revenue Forecast (FY)C$15.10M
TAG Oil Business Overview & Revenue Model
Company Description
TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, the Middle East, and North Africa. The company was formerly known as Durum Cons. Energy Corp. and changed its name to T...
How the Company Makes Money
TAG Oil’s primary way of making money is through upstream oil and gas economics: (1) selling produced hydrocarbons (crude oil, natural gas, and/or associated liquids) into local or international markets when it has producing assets; and (2) moneti...
TAG Oil Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
70
Positive
Cash Flow
15
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Jun 2023 | Mar 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.50M | 864.00K | 781.33K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.38M | -1.01M | -1.00M | -164.00K | -122.00K | -235.00K |
| EBITDA | -6.86M | -8.28M | -9.01M | -7.39M | -3.85M | -3.45M |
| Net Income | -4.41M | -6.33M | -8.20M | -3.00M | -4.46M | -14.92M |
Balance Sheet | ||||||
| Total Assets | 47.47M | 55.09M | 53.91M | 41.06M | 18.20M | 20.50M |
| Cash, Cash Equivalents and Short-Term Investments | 3.95M | 7.40M | 16.44M | 20.66M | 15.52M | 17.14M |
| Total Debt | 1.13M | 1.49M | 208.00K | 459.00K | 573.00K | 98.00K |
| Total Liabilities | 2.43M | 5.74M | 7.43M | 2.04M | 979.00K | 505.00K |
| Stockholders Equity | 45.04M | 49.35M | 46.48M | 39.01M | 17.23M | 20.00M |
Cash Flow | ||||||
| Free Cash Flow | -11.46M | -23.88M | -22.88M | -11.94M | -4.11M | -4.10M |
| Operating Cash Flow | -5.94M | -5.98M | -3.90M | -5.46M | -4.08M | -3.92M |
| Investing Cash Flow | -515.00K | -17.14M | -17.28M | -4.42M | 1.33M | 3.68M |
| Financing Cash Flow | 5.47M | 5.54M | 17.00M | 23.57M | -55.00K | -24.72M |
TAG Oil Technical Analysis
Negative
0.09
Price Trends
0.10
Negative
0.09
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
45.39
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TAO, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.39 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TAO.
TAG Oil Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$41.29M | -32.08 | -3.80% | ― | -82.16% | 70.07% | |
50 Neutral | C$14.95M | -1.71 | -36.60% | ― | 295.02% | 78.28% | |
48 Neutral | C$20.38M | -6.10 | -9.44% | ― | 257.86% | 57.88% | |
48 Neutral | C$25.46M | -18.53 | -276.15% | ― | -3.67% | -26.40% | |
47 Neutral | C$63.71M | -10.79 | -15.82% | ― | ― | 68.98% | |
41 Neutral | C$22.08M | -2.26 | ― | ― | -0.63% | -47.75% |
* General Sector Average
TSE:TAO
TAG Oil
0.09
-0.01
-10.00%
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TAG Oil Corporate Events
Business Operations and StrategyExecutive/Board Changes
TAG Oil Grants 11.85 Million Stock Options to Support Egypt Growth Strategy
Positive
Mar 4, 2026
TAG Oil Ltd. has granted 11,850,000 stock options at C$0.10 per share to directors, officers, and personnel under its stock option plan, with a five-year term and vesting over two years. The move forms part of the company’s long-term incenti...
Business Operations and StrategyPrivate Placements and Financing
TAG Oil Raises $11.5 Million to Accelerate Unconventional Oil Development in Egypt
Positive
Feb 18, 2026
TAG Oil has raised $11.5 million in gross proceeds through a brokered unit offering priced at $0.10, including the full exercise of the over-allotment option, split between a listed issuer financing exemption tranche and a private placement. Each ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.