OTCPK:TAOI.F

Stock Analysis Report

Executive Summary

TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Risks

  • TAG Oil is not covered by any analysts.

Share Price & News

How has TAG Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.7%

OTCPK:TAOI.F

3.2%

US Oil and Gas

1.2%

US Market


1 Year Return

-13.6%

OTCPK:TAOI.F

-19.3%

US Oil and Gas

1.7%

US Market

TAOI.F outperformed the Oil and Gas industry which returned -19.3% over the past year.

TAOI.F underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

TAOI.FIndustryMarket
7 Day-1.7%3.2%1.2%
30 Day-0.9%7.2%4.9%
90 Day10.1%-1.5%3.7%
1 Year-13.6%-13.6%-16.3%-19.3%3.9%1.7%
3 Year-61.8%-61.8%0.9%-8.2%47.2%37.7%
5 Year-84.7%-84.7%-27.7%-37.5%60.0%42.4%

Price Volatility Vs. Market

How volatile is TAG Oil's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is TAG Oil undervalued based on future cash flows and its price relative to the stock market?

0.53x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for TAG Oil to establish if it is available at moderate discount.

Unable to calculate intrinsic value for TAG Oil to establish if it is available at substantial discount.


Price Based on Earnings

TAG Oil is loss making, we can't compare its value to the US Oil and Gas industry average.

TAG Oil is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for TAG Oil, we can't assess if its growth is good value.


Price Based on Value of Assets

TAG Oil is good value based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is TAG Oil expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.5%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TAG Oil has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of TAOI.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access TAG Oil's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has TAG Oil performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

TAG Oil does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare TAG Oil's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare TAG Oil's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if TAG Oil has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if TAG Oil has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if TAG Oil improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is TAG Oil's financial position?


Financial Position Analysis

TAG Oil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

TAG Oil's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

TAG Oil has no debt.

TAG Oil currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Low level of unsold assets.

TAG Oil has no debt, it does not need to be covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Information is not available.

Unable to confirm if TAG Oil has at least 1 year of cash runway based on growing free cash flows without relevant data.


Next Steps

Dividend

What is TAG Oil's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate TAG Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate TAG Oil's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as TAG Oil has not reported any payouts.

Unable to verify if TAG Oil's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as TAG Oil has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of TAG Oil's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Toby Pierce (46yo)

4.3yrs

Tenure

CA$284,053

Compensation

Mr. Toby Robert Pierce, B.Sc., MBA, has been Director of DelphX Capital Markets Inc. October, 2016. Mr. Pierce serves as Chief Executive Officer and President at Seaside Exploration Partners Corp. Mr. Pier ...


CEO Compensation Analysis

Toby's remuneration is lower than average for companies of similar size in United States of America.

Toby's compensation has increased whilst company is loss making.


Management Age and Tenure

4.3yrs

Average Tenure

46yo

Average Age

The tenure for the TAG Oil management team is about average.


Board Age and Tenure

3.9yrs

Average Tenure

60.5yo

Average Age

The tenure for the TAG Oil board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyCA$1,71229 Nov 18
Toby Pierce
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares7,000
Max PriceCA$0.24
BuyCA$73723 Nov 18
Toby Pierce
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares3,000
Max PriceCA$0.25
BuyCA$2,61819 Nov 18
Toby Pierce
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares10,000
Max PriceCA$0.26

Ownership Breakdown


Management Team

  • Dave Bennett (73yo)

    Technical Director & Director

    • Tenure: 3.5yrs
  • Barry A. MacNeil (58yo)

    Chief Financial Officer

    • Tenure: 3.4yrs
    • Compensation: CA$216.23k
  • Pino Perone (40yo)

    General Counsel

    • Tenure: 9.8yrs
    • Compensation: CA$205.06k
  • David McCall

    Engineering & Development Manager

    • Tenure: 12.7yrs
    • Compensation: CA$161.56k
  • Toby Pierce (46yo)

    CEO & Director

    • Tenure: 4.3yrs
    • Compensation: CA$284.05k
  • Chris Beltgens (40yo)

    Vice President of Corporate Development

    • Tenure: 0yrs

Board Members

  • Dave Bennett (73yo)

    Technical Director & Director

    • Tenure: 3.5yrs
  • Ken Vidalin

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: CA$64.81k
  • Brad Holland (61yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: CA$66.64k
  • Keith Hill (60yo)

    Chairman & Independent Lead Director

    • Tenure: 1.7yrs
    • Compensation: CA$62.98k
  • Peter Loretto

    Director

    • Tenure: 1.3yrs
    • Compensation: CA$69.24k
  • Toby Pierce (46yo)

    CEO & Director

    • Tenure: 4.3yrs
    • Compensation: CA$284.05k

Company Information

TAG Oil Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TAG Oil Ltd.
  • Ticker: TAOI.F
  • Exchange: OTCPK
  • Founded: 1990
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$30.686m
  • Listing Market Cap: CA$23.137m
  • Shares outstanding: 85.24m
  • Website: https://www.tagoil.com

Number of Employees


Location

  • TAG Oil Ltd.
  • 885 West Georgia Street
  • Suite 2040
  • Vancouver
  • British Columbia
  • V6C 3E8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAOI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1992
TAOTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 1992
T0PDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1992

Biography

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 produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/14 23:50
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.