Tenaz Energy (TSE:TNZ) Stock Price Down 4.4% – Should You Sell?

Tenaz Energy Corp. (TSE:TNZ)’s stock price traded down 4.4% during mid-day trading on Friday . The company traded as low as C$59.37 and last traded at C$59.37. 161,486 shares were traded during trading, a decline of 35% from the average session volume of 248,966 shares. The stock had previously closed at C$62.12.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. National Bank Financial lifted their price objective on 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. Canadian Imperial Bank of Commerce set a C$80.00 price objective on Tenaz Energy and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, Haywood Securities lifted their target price on Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Tenaz Energy has a consensus rating of “Buy” and an average price target of C$72.00.

Tenaz Energy Trading Down 4.4%

The firm has a market cap of C$1.92 billion, a P/E ratio of 5.93 and a beta of 0.98. The stock has a fifty day simple moving average of C$59.64 and a 200 day simple moving average of C$40.30. The company has a debt-to-equity ratio of 114.55, a quick ratio of 2.77 and a current ratio of 0.69.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, May 7th. The company reported C($3.48) EPS for the quarter. The business had revenue of C$262.32 million during the quarter. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%. On average, research analysts expect 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.