Tenaz Energy (TSE:TNZ) Trading 2.1% Higher – What’s Next?

Tenaz Energy Corp. (TSE:TNZ) shares rose 2.1% on Friday . The company traded as high as C$65.49 and last traded at C$64.64. 170,231 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 215,867 shares. The stock had previously closed at C$63.29.

Wall Street Analyst Weigh In

TNZ has been the subject of several analyst reports. BMO Capital Markets increased their target price on shares of Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. National Bank Financial upped their price target on Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tenaz Energy currently has an average rating of “Buy” and an average target price of C$79.00.

Tenaz Energy Trading Up 2.1%

The firm has a 50-day simple moving average of C$53.46 and a 200-day simple moving average of C$54.81. The company has a quick ratio of 2.77, a current ratio of 0.89 and a debt-to-equity ratio of 100.16. The stock has a market cap of C$2.14 billion, a PE ratio of 17.28 and a beta of 0.89.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 earnings per share for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%.The company had revenue of C$156.69 million during the quarter. Equities analysts forecast that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

Tenaz Energy Company Profile

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’.