BMO Capital Markets Reiterates C$70.00 Price Target for Tenaz Energy (TSE:TNZ)

BMO Capital Markets set a C$70.00 price objective on Tenaz Energy (TSE:TNZ) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. National Bank Financial raised their target price on shares of Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Canadian Imperial Bank of Commerce set a C$80.00 price target on shares of Tenaz Energy and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tenaz Energy has a consensus rating of “Buy” and an average target price of C$77.75.

Tenaz Energy Stock Performance

Shares of TSE TNZ opened at C$56.23 on Thursday. The stock has a 50 day moving average price of C$50.72 and a 200 day moving average price of C$51.72. Tenaz Energy has a 52 week low of C$17.75 and a 52 week high of C$69.10. The company has a debt-to-equity ratio of 114.55, a quick ratio of 2.77 and a current ratio of 0.69. The stock has a market capitalization of C$1.84 billion, a PE ratio of 8.36 and a beta of 0.93.

Tenaz Energy (TSE:TNZ) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($3.48) earnings per share for the quarter. Tenaz Energy had a net margin of 52.13% and a return on equity of 61.60%. The company had revenue of C$262.32 million during the quarter. Analysts predict that Tenaz Energy will post 0.3896418 earnings per share for the current fiscal year.

Insider Transactions at Tenaz Energy

In other Tenaz Energy news, insider Jonathan Balkwill acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of C$50.24 per share, for a total transaction of C$100,480.00. Following the completion of the purchase, the insider directly owned 117,795 shares of the company’s stock, valued at approximately 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.

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’.