Tenaz Energy (TSE:TNZ) Releases Earnings Results

Tenaz Energy (TSE:TNZ) issued its quarterly earnings data on Thursday. The company reported C($3.48) earnings per share (EPS) for the quarter, FiscalAI reports. Tenaz Energy had a return on equity of 112.36% and a net margin of 109.18%.The firm had revenue of C$262.32 million during the quarter.

Tenaz Energy Stock Performance

TSE TNZ traded up C$0.82 on Thursday, hitting C$62.12. 293,733 shares of the company’s stock traded hands, compared to its average volume of 249,960. 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 has a 1-year low of C$14.01 and a 1-year high of C$69.10. The firm’s 50-day moving average price is C$59.30 and its two-hundred day moving average price is C$40.05. The firm has a market capitalization of C$2.01 billion, a PE ratio of 6.20 and a beta of 0.98.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Haywood Securities lifted their target price on shares of Tenaz Energy from C$55.00 to C$70.00 in a research note on Monday, March 16th. National Bank Financial lifted their target price on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Canadian Imperial Bank of Commerce set a C$80.00 target price on shares of Tenaz Energy and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tenaz Energy currently has an average rating of “Buy” and a consensus target price of C$72.00.

About Tenaz Energy

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.