How to buy Tap Oil shares | A$0.076

Tap Oil Limited is an oil & gas e&p business based in Australia. Tap Oil shares (TAP) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.076 – a decrease of 1.3% over the previous week. Tap Oil has a trailing 12-month revenue of around $33 million.

How to buy shares in Tap Oil

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Tap Oil . Find the share by name or ticker symbol: TAP. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tap Oil reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.076, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Tap Oil . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Tap Oil 's share price?

Since the stock market crash in March caused by coronavirus, Tap Oil 's share price has had significant negative movement.

Its last market close was $0.076, which is 27.62% down on its pre-crash value of $0.105 and 22.58% up on the lowest point reached during the March crash when the shares fell as low as $0.062.

If you had bought $1,000 worth of Tap Oil shares at the start of February 2020, those shares would have been worth $619.05 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $723.81.

Tap Oil share price

Use our graph to track the performance of TAP stocks over time.

Tap Oil shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.076
52-week range	AUDA$0.062 - AUDA$0.165
50-day moving average	AUDA$0.0755
200-day moving average	AUDA$0.08
Target price	AUDA$0.13
PE ratio	1.4563
Dividend yield	N/A (28.41%)
Earnings per share (TTM)	AUDA$0.037

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Tap Oil stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Tap Oil Limited by TradingView

Tap Oil price performance over time

Historical closes compared with the close of A$0.076 on 2020-10-22

1 week (2020-10-22)	0%
1 month (2020-09-30)	4.11%
3 months (2020-07-29)	-9.52%
6 months (2020-04-29)	10.14%

1 year (2019-10-28)	-41.54%
2 years (2018-10-29)	-14.61%
3 years (2017-10-27)	26.67%
5 years (2015-10-29)	-62.78%

Is Tap Oil under- or over-valued?

Valuing Tap Oil stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tap Oil 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Tap Oil 's P/E ratio

Tap Oil 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 1x. In other words, Tap Oil shares trade at around 1x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Tap Oil 's EBITDA

Tap Oil 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $13.2 million.

The EBITDA is a measure of a Tap Oil 's overall financial performance and is widely used to measure a its profitability.

Tap Oil financials

Revenue TTM	$33 million
Gross profit TTM	$10.6 million
Return on assets TTM	-0.4%
Return on equity TTM	39.8%
Profit margin	47.56%
Book value	0.072
Market capitalisation	$32.5 million

TTM: trailing 12 months

Tap Oil share dividends

We're not expecting Tap Oil to pay a dividend over the next 12 months.

Tap Oil share price volatility

Over the last 12 months, Tap Oil 's shares have ranged in value from as little as $0.062 up to $0.165. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Tap Oil 's is 1.0185. This would suggest that Tap Oil 's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Tap Oil overview

Tap Oil Limited engages in oil and gas exploration and production business in Asia and Australia. It operates through Oil & Gas Production and Development; and Oil & Gas Exploration segments. The company owns a 30% interest in the Manora oil field, which includes G1/48 concession located in the Gulf of Thailand. It also has interests in various exploration permits and retention leases in the Carnarvon and Bonaparte Basins, Western Australia. In addition, the company purchases and sells oil and gas. Tap Oil Limited was incorporated in 1995 and is based in Perth, Australia.

Frequently asked questions

• What percentage of Tap Oil is owned by insiders?

  Currently 79.474% of Tap Oil shares are held by insiders.

• When does the fiscal year end for Tap Oil ?

  Tap Oil 's fiscal year ends in December.

• Where is Tap Oil based?

  Tap Oil 's address is: 190 Saint Georges Terrace, Perth, WA, Australia, 6000

• What is Tap Oil 's ISIN number?

  Tap Oil 's international securities identification number is: AU000000TAP1