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TAG Oil

TSX:TAO
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TAO
TSX
CA$30M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

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 last earnings update was 43 days ago. More info.


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TAO Share Price and Events
7 Day Returns
1.4%
TSX:TAO
7%
CA Oil and Gas
7.1%
CA Market
1 Year Returns
4.4%
TSX:TAO
-46%
CA Oil and Gas
-25.3%
CA Market
TAO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TAG Oil (TAO) 1.4% -4.1% -4.1% 4.4% -43.7% -72.3%
CA Oil and Gas 7% -40.8% -46.8% -46% -53.7% -57.4%
CA Market 7.1% -24.1% -26.7% -25.3% -23.4% -17.5%
1 Year Return vs Industry and Market
  • TAO outperformed the Oil and Gas industry which returned -46% over the past year.
  • TAO outperformed the Market in Canada which returned -25.3% over the past year.
Price Volatility
TAO
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for TAG Oil. This is due to cash flow or dividend data being unavailable. The share price is CA$0.355.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TAG Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TAG Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TAO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.08
TSX:TAO Share Price ** TSX (2020-03-27) in CAD CA$0.36
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.03x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TAG Oil.

TSX:TAO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TAO Share Price ÷ EPS (both in CAD)

= 0.36 ÷ 0.08

4.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAG Oil is good value based on earnings compared to the CA Oil and Gas industry average.
  • TAG Oil is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does TAG Oil's expected growth come at a high price?
Raw Data
TSX:TAO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TAG Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TAG Oil's assets?
Raw Data
TSX:TAO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$0.66
TSX:TAO Share Price * TSX (2020-03-27) in CAD CA$0.36
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.39x
Canada Market PB Ratio Median Figure of 2,351 Publicly-Listed Companies 1x
TSX:TAO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TAO Share Price ÷ Book Value per Share (both in CAD)

= 0.36 ÷ 0.66

0.54x

* Primary Listing of TAG Oil.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAG Oil is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess TAG Oil's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. TAG Oil has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TAG Oil expected to grow at an attractive rate?
  • Unable to compare TAG Oil's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TAG Oil's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare TAG Oil's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:TAO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TAO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TAO Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSX:TAO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 22 3 6
2019-09-30 29 7 5
2019-06-30 31 10 -62
2019-03-31 30 12 -60
2018-12-31 29 13 -51
2018-09-30 26 14 -46
2018-06-30 24 12 7
2018-03-31 21 9 4
2017-12-31 22 7 25
2017-09-30 21 3 22
2017-06-30 21 2 26
2017-03-31 21 1 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TAG Oil is high growth as no earnings estimate data is available.
  • Unable to determine if TAG Oil is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TAO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from TAG Oil Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TAO Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSX:TAO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.08
2019-09-30 0.06
2019-06-30 -0.72
2019-03-31 -0.71
2018-12-31 -0.60
2018-09-30 -0.55
2018-06-30 0.08
2018-03-31 0.04
2017-12-31 0.32
2017-09-30 0.30
2017-06-30 0.38
2017-03-31 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TAG Oil will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine TAG Oil's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. TAG Oil's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. TAG Oil's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess TAG Oil's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TAG Oil has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TAG Oil performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TAG Oil's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TAG Oil has delivered over 20% year on year earnings growth in the past 5 years.
  • TAG Oil has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • TAG Oil has become profitable in the last year making it difficult to compare the CA Oil and Gas industry average.
Earnings and Revenue History
TAG Oil's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TAG Oil Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TAO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 21.58 6.45 6.50
2019-09-30 29.46 4.86 7.05
2019-06-30 30.67 -61.71 7.67
2019-03-31 30.10 -60.28 6.85
2018-12-31 28.69 -50.91 6.10
2018-09-30 26.49 -46.50 5.51
2018-06-30 24.49 6.56 5.25
2018-03-31 21.16 3.83 5.10
2017-12-31 21.52 25.45 5.30
2017-09-30 21.20 22.24 6.10
2017-06-30 20.55 26.00 6.24
2017-03-31 20.98 26.48 6.11
2016-12-31 19.92 -72.49 6.41
2016-09-30 19.13 -74.80 6.34
2016-06-30 19.64 -76.93 6.76
2016-03-31 22.57 -76.45 8.31
2015-12-31 26.00 -87.44 8.36
2015-09-30 31.67 -82.72 9.07
2015-06-30 38.89 -72.82 8.62
2015-03-31 44.98 -67.53 7.39
2014-12-31 49.76 7.78 7.44
2014-09-30 51.04 11.28 7.46
2014-06-30 52.84 8.24 8.11
2014-03-31 51.77 7.70 8.78
2013-12-31 49.94 8.99 9.69
2013-09-30 48.00 6.61 11.27
2013-06-30 42.28 3.90 12.04
2013-03-31 39.56 5.09 11.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TAG Oil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TAG Oil used its assets more efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
  • TAG Oil has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess TAG Oil's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TAG Oil has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TAG Oil's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TAG Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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 cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TAG Oil's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • TAG Oil has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TAG Oil Company Filings, last reported 2 months ago.

TSX:TAO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 56.03 0.00 39.96
2019-09-30 58.16 0.00 39.91
2019-06-30 58.18 0.00 7.18
2019-03-31 61.12 0.00 1.89
2018-12-31 60.54 0.00 2.77
2018-09-30 56.98 0.00 3.18
2018-06-30 120.53 1.21 4.82
2018-03-31 124.90 0.00 1.78
2017-12-31 108.44 0.00 3.31
2017-09-30 109.23 0.00 2.68
2017-06-30 120.99 0.00 12.17
2017-03-31 122.81 0.00 21.56
2016-12-31 75.18 0.00 10.01
2016-09-30 78.72 0.00 13.64
2016-06-30 81.11 0.00 15.03
2016-03-31 80.01 0.00 16.85
2015-12-31 154.95 0.00 15.92
2015-09-30 152.97 0.00 21.44
2015-06-30 155.21 0.00 20.54
2015-03-31 173.92 0.00 27.06
2014-12-31 242.06 0.00 31.09
2014-09-30 237.12 0.00 40.91
2014-06-30 246.47 0.00 46.46
2014-03-31 249.17 0.00 52.00
2013-12-31 234.45 0.00 68.50
2013-09-30 205.55 0.00 61.23
2013-06-30 190.12 0.00 57.25
2013-03-31 191.69 0.00 68.93
  • 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.
  • TAG Oil has no debt, it does not need to be covered by operating cash flow.
  • TAG Oil has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess TAG Oil's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TAG Oil has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TAG Oil dividends.
If you bought CA$2,000 of TAG Oil shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TAO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TAO Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of TAG Oil's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess TAG Oil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TAG Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TAG Oil has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Toby Pierce
COMPENSATION CA$284,053
AGE 46
TENURE AS CEO 4.8 years
CEO Bio

Mr. Toby Robert Pierce, B.Sc., MBA, has been Director of DelphX Capital Markets Inc. October, 2016. Mr. Pierce serves as an Independent Director at Prospect Park Capital Corp. since January 22, 2020. Mr. Pierce serves as Chief Executive Officer and President at Seaside Exploration Partners Corp. Mr. Pierce has been the Chief Executive Officer of TAG Oil Ltd. since June 1, 2015. He is a Non-Executive Director of DelphX Corporation. He served as the Chief Executive Officer and President of Crest Petroleum Corp. since October 15, 2013 until April 8, 2015. He served as a Senior Analyst of GMP Securities since 2009 in London and was its Partner. He served as the Managing Director of Burnt Ridge Advisory, a natural resources advisory firm focused on acquisitions, valuation, investments, M&A, deal structuring and due diligence for resource companies and investors. Mr. Pierce served as a Senior Oil and Gas Analyst of GMP Securities, L.P, Research Division and which he joined in 2004 and was responsible for institutional equity research. Prior to GMP, Mr. Pierce served as a Director of Institutional Research at Tristone Capital. He served as Director of Oil and Gas Institutional Research at Tristone Capital from 2006 to 2010 and worked in both the Calgary and London offices. He served as Senior Oil and Gas Analyst at GMP Securities L.P., Research Division. Remaining in London, Mr. Pierce became Partner and Lead Oil and Gas Analyst for GMP Securities Europe LLC from 2010 to 2012, where he covered a variety of oil and gas companies and provided strategic advice and valuation expertise both internally to the investment banking and sales partners and externally to energy company management on asset acquisitions, financings and capital markets. He worked as a wellsite Geologist over a period of five years for numerous companies across the Western Canadian Sedimentary Basin on a contract basis. He worked for three years across North and Latin America as a Geologist in the mining and exploration industry. He is a natural-resource executive with lots of extensive transactional and valuation experience across multiple deals, from a million to $1.3 billion in value. He has been an Independent Director of North Country Gold Corp., since January 2013 and Benchmark Metals Inc. (Formerly, Crystal Exploration Inc.) since January 28, 2013. He serves as Director at Seaside Exploration Partners Corp. He served as a Director at Angus Ventures Inc. until January 30, 2018. He has been an Independent Director of Redtail Metals Corp. since March 2012. Mr. Pierce has been a Director of TAG Oil Ltd. since June 1, 2015. He serves as a Non Executive Director of Jordan Energy and Mining Ltd. He served as a Director of Chelsea Oil and Gas Ltd. from October 1, 2013 to December 1, 2017. He served as a Director of Crest Petroleum Corp. from January 24, 2012 to October 21, 2016. He served as a Director of Golden Predator Mining Corp. until July 2014. He served as Director at Tristone Research. Mr. Pierce serves as President & Chief Executive Officer of DelphX Capital Markets Inc. He began his career as a geologist with Hunter Dickinson, then moved to Pierce Geological, a privately held oil and gas consulting company. Mr. Pierce serves as Independent Director at Seashore Resource Partners Corp. since November 13, 2017. Mr. Pierce serves as a Director at Barrian Mining Corp since April 27, 2018. He holds Bachelor of Science degree in Geology and Earth Sciences from the University of Victoria. Mr. Pierce holds an MBA in Finance from the Rotman School of Business.

CEO Compensation
  • Toby's compensation has increased in line with TAG Oil recently becoming profitable.
  • Toby's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the TAG Oil management team in years:

4.8
Average Tenure
52
Average Age
  • The tenure for the TAG Oil management team is about average.
Management Team

Toby Pierce

TITLE
CEO & Director
COMPENSATION
CA$284K
AGE
46
TENURE
4.8 yrs

Barry A. MacNeil

TITLE
Chief Financial Officer
COMPENSATION
CA$216K
AGE
58
TENURE
3.9 yrs

Dave Bennett

TITLE
Technical Director & Director
AGE
73
TENURE
4 yrs

Alex Guidi

TITLE
COMPENSATION
CA$208K
AGE
59

Pino Perone

TITLE
General Counsel
COMPENSATION
CA$205K
AGE
40
TENURE
10.3 yrs

Chris Beltgens

TITLE
Vice President of Corporate Development
AGE
40

David McCall

TITLE
Engineering & Development Manager
COMPENSATION
CA$162K
TENURE
13.2 yrs
Board of Directors Tenure

Average tenure and age of the TAG Oil board of directors in years:

4
Average Tenure
60
Average Age
  • The tenure for the TAG Oil board of directors is about average.
Board of Directors

Keith Hill

TITLE
Chairman & Independent Lead Director
COMPENSATION
CA$63K
AGE
60
TENURE
2.2 yrs

Toby Pierce

TITLE
CEO & Director
COMPENSATION
CA$284K
AGE
46
TENURE
4.8 yrs

Dave Bennett

TITLE
Technical Director & Director
AGE
73
TENURE
4 yrs

Ken Vidalin

TITLE
Independent Director
COMPENSATION
CA$65K
TENURE
8.3 yrs

Brad Holland

TITLE
Independent Director
COMPENSATION
CA$67K
AGE
61
TENURE
5 yrs

Peter Loretto

TITLE
Independent Director
COMPENSATION
CA$69K
TENURE
1.8 yrs

Gavin Hugh Wilson

TITLE
Director
AGE
55
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by TAG Oil individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
10. Mar 20 Buy Barry A. MacNeil Individual 06. Mar 20 06. Mar 20 50,000 CA$0.36 CA$18,000
21. Feb 20 Buy Barry A. MacNeil Individual 21. Feb 20 21. Feb 20 24,000 CA$0.39 CA$9,240
20. Feb 20 Buy Barry A. MacNeil Individual 19. Feb 20 19. Feb 20 6,000 CA$0.39 CA$2,310
10. Jan 20 Buy Barry A. MacNeil Individual 08. Jan 20 08. Jan 20 14,500 CA$0.38 CA$5,510
06. Jan 20 Buy Barry A. MacNeil Individual 24. Dec 19 30. Dec 19 58,500 CA$0.37 CA$21,282
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Management checks
We assess TAG Oil's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TAG Oil has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can We See Significant Insider Ownership On The TAG Oil Ltd. (TSE:TAO) Share Register?

Insider Ownership Of TAG Oil The definition of company insiders can be subjective, and does vary between jurisdictions. … General Public Ownership The general public, who are mostly retail investors, collectively hold 75% of TAG Oil shares. … Private Company Ownership We can see that Private Companies own 19%, of the shares on issue.

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Does Market Volatility Impact TAG Oil Ltd.'s (TSE:TAO) Share Price?

(TSE:TAO), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one.

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The TAG Oil (TSE:TAO) Share Price Is Down 86% So Some Shareholders Are Rather Upset

Check out our latest analysis for TAG Oil TAG Oil isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … So it's not altogether surprising to see the share price down 32% per year in the same time period. … A Different Perspective Investors in TAG Oil had a tough year, with a total loss of 6.7%, against a market gain of about 1.2%.

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Why TAG Oil Ltd.'s (TSE:TAO) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Toby Pierce's Compensation Compare With Similar Sized Companies. … We took a group of companies with market capitalizations below CA$268m, and calculated the median CEO total compensation to be CA$142k.

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Did Changing Sentiment Drive TAG Oil's Share Price Down A Painful 88%?

Because TAG Oil is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

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Do Insiders Own Lots Of Shares In TAG Oil Ltd. (TSE:TAO)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … TAG Oil is a smaller company with a market capitalization of CA$32m, so it may still be flying under the radar of many institutional investors. … institutional investors have not yet purchased shares

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TAG Oil Ltd. (TSE:TAO): Time For A Financial Health Check

(TSE:TAO), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Does TAO's growth rate justify its decision for financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

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What Kind Of Share Price Volatility Should You Expect For TAG Oil Ltd (TSE:TAO)?

If you're interested in TAG Oil Ltd (TSE:TAO), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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Could The TAG Oil Ltd (TSE:TAO) Ownership Structure Tell Us Something Useful?

The big shareholder groups in TAG Oil Ltd (TSE:TAO) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … TAG Oil is a smaller company with a market capitalization of CA$32m, so it may still be flying under the radar of many institutional investors.

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Does TAG Oil Ltd's (TSE:TAO) PE Ratio Signal A Buying Opportunity?

While TAO might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will explain what the P/E ratio is as well as what you should look out for when using it … What you need to know about the P/E ratio

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Company Info

Description

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.

Details
Name: TAG Oil Ltd.
TAO
Exchange: TSX
Founded: 1990
CA$30,322,769
85,416,252
Website: http://www.tagoil.com
Address: TAG Oil Ltd.
885 West Georgia Street,
Suite 2040,
Vancouver,
British Columbia, V6C 3E8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TAO Common Shares The Toronto Stock Exchange CA CAD 16. Mar 1992
OTCPK TAOI.F Common Shares Pink Sheets LLC US USD 16. Mar 1992
DB T0P Common Shares Deutsche Boerse AG DE EUR 16. Mar 1992
Number of employees
Current staff
Staff numbers
26
TAG Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 03:26
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2018/06/27
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.