Tenaz Energy (TSE:TNZ) Given a C$80.00 Price Target by Canadian Imperial Bank of Commerce Analysts

Tenaz Energy (TSE:TNZ) received a C$80.00 price objective from Canadian Imperial Bank of Commerce in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 33.82% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. National Bank Financial increased 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 research note on Tuesday, February 3rd. Haywood Securities increased their price objective on shares of Tenaz Energy from C$55.00 to C$70.00 in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Tenaz Energy has an average rating of “Buy” and an average target price of C$72.00.

Tenaz Energy Price Performance

TSE TNZ traded down C$3.44 during trading hours on Wednesday, reaching C$59.78. The company’s stock had a trading volume of 162,112 shares, compared to its average volume of 256,626. The stock has a market cap of C$1.92 billion, a PE ratio of 5.97 and a beta of 0.72. Tenaz Energy has a fifty-two week low of C$10.59 and a fifty-two week high of C$69.10. The company’s 50-day moving average is C$51.24 and its two-hundred day moving average is C$34.77. The company has a debt-to-equity ratio of 77.90, a quick ratio of 2.77 and a current ratio of 0.94.

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 firm had revenue of C$231.30 million for the quarter. Tenaz Energy had a net margin of 109.18% and a return on equity of 112.36%. Analysts forecast that Tenaz Energy will post 0.3896418 EPS for the current 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.