Tenaz Energy (TSE:TNZ) Shares Down 7.1% – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ)’s stock price dropped 7.1% on Wednesday . The stock traded as low as C$59.46 and last traded at C$59.99. Approximately 66,254 shares traded hands during trading, a decline of 74% from the average daily volume of 250,847 shares. The stock had previously closed at C$64.56.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Haywood Securities increased their price target on shares of Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. National Bank Financial lifted their price objective on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$68.00.

Tenaz Energy Stock Down 5.6%

The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 6.08 and a beta of 1.65. The business has a fifty day moving average of C$48.73 and a two-hundred day moving average of C$33.40. The company has a current ratio of 0.94, a quick ratio of 2.77 and a debt-to-equity ratio of 77.90.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings data on Thursday, March 12th. The company reported C$3.66 EPS for the quarter. The company had revenue of C$231.30 million for the quarter. Tenaz Energy had a return on equity of 112.36% and a net margin of 109.18%. As a group, equities analysts anticipate that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal year.

Tenaz Energy Company Profile

Tenaz Energy Corp. (TSX:TNZ) is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands gas assets are located in the Dutch sector of the North Sea.