Tenaz Energy (TSE:TNZ) Trading 3.4% Higher – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ)’s stock price traded up 3.4% on Thursday . The stock traded as high as C$63.45 and last traded at C$63.45. 88,090 shares were traded during trading, a decline of 61% from the average session volume of 224,934 shares. The stock had previously closed at C$61.35.

Analysts Set New Price Targets

Several equities research analysts recently commented on TNZ shares. Haywood Securities lifted their price target on shares of Tenaz Energy from C$55.00 to C$70.00 in a research note on Monday. National Bank Financial boosted their price objective on 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. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$68.00.

Tenaz Energy Trading Up 6.3%

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 stock has a market cap of C$2.09 billion, a price-to-earnings ratio of 10.62 and a beta of 1.65. The company has a fifty day simple moving average of C$42.64 and a 200-day simple moving average of C$30.63.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, March 12th. The company reported C$3.66 EPS for the quarter. The company had revenue of C$231.30 million during the quarter. Tenaz Energy had a net margin of 109.18% and a return on equity of 112.36%. On average, research analysts forecast that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal 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.