Tenaz Energy (TSE:TNZ) Sets New 52-Week High After Analyst Upgrade

Tenaz Energy Corp. (TSE:TNZ) hit a new 52-week high during trading on Monday after Haywood Securities raised their price target on the stock from C$55.00 to C$70.00. The company traded as high as C$58.49 and last traded at C$58.11, with a volume of 130544 shares changing hands. The stock had previously closed at C$55.60.

Separately, National Bank Financial raised their price target on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$68.00.

Tenaz Energy Stock Performance

The company has a current ratio of 0.94, a quick ratio of 2.77 and a debt-to-equity ratio of 77.90. The firm has a market cap of C$2.00 billion, a price-to-earnings ratio of 10.15 and a beta of 1.65. The company has a fifty day moving average price of C$41.88 and a 200-day moving average price of C$30.41.

Tenaz Energy (TSE:TNZ) last posted its earnings results 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 return on equity of 112.36% and a net margin of 109.18%. As a group, research analysts expect that Tenaz Energy Corp. will post 0.3896418 EPS for the current year.

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.