TAG Oil First Half 2024 Earnings: CA$0.014 loss per share (vs CA$0.016 loss in 1H 2023)

In This Article:

TAG Oil (CVE:TAO) First Half 2024 Results

Key Financial Results

  • Net loss: CA$2.96m (loss widened by 23% from 1H 2023).

  • CA$0.014 loss per share.

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

TAG Oil Earnings Insights

Looking ahead, revenue is forecast to grow 179% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for TAG Oil (1 is a bit unpleasant!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.