BMO Capital Markets Boosts Tenaz Energy (TSE:TNZ) Price Target to C$75.00

Tenaz Energy (TSE:TNZ) had its price target lifted by equities research analysts at BMO Capital Markets from C$70.00 to C$75.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 35.55% from the company’s current price.

Separately, National Bank Financial increased their price objective on shares of Tenaz Energy from C$90.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tenaz Energy currently has a consensus rating of “Buy” and an average price target of C$79.00.

Tenaz Energy Stock Up 1.8%

Shares of TNZ traded up C$0.96 on Friday, hitting C$55.33. The company’s stock had a trading volume of 47,798 shares, compared to its average volume of 223,657. The company has a quick ratio of 2.77, a current ratio of 0.69 and a debt-to-equity ratio of 114.55. The firm’s fifty day moving average price is C$50.98 and its 200-day moving average price is C$52.50. Tenaz Energy has a fifty-two week low of C$18.55 and a fifty-two week high of C$69.10. The firm has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 8.22 and a beta of 0.89.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. Tenaz Energy had a net margin of 52.13% and a return on equity of 61.60%. The firm had revenue of C$156.69 million for the quarter. On average, equities research analysts expect that Tenaz Energy will post 0.3896418 EPS for the current year.

Insider Buying and Selling at Tenaz Energy

In other news, insider Jonathan Balkwill acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average cost of C$50.24 per share, for a total transaction of C$100,480.00. Following the completion of the acquisition, the insider owned 117,795 shares in the company, valued at C$5,918,020.80. This represents a 1.73% increase in their ownership of the stock. 8.41% of the stock is owned by corporate insiders.

About Tenaz Energy

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.