Tenaz Energy (TSE:TNZ – Get Free Report) released its earnings results on Thursday. The company reported C($3.48) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$262.32 million for the quarter. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%.
Tenaz Energy Trading Down 4.4%
TSE:TNZ opened at C$59.37 on Friday. The company has a quick ratio of 2.77, a current ratio of 0.69 and a debt-to-equity ratio of 114.55. Tenaz Energy has a 1-year low of C$14.01 and a 1-year high of C$69.10. The firm has a market capitalization of C$1.92 billion, a price-to-earnings 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.
Analyst Ratings Changes
A number of research analysts recently issued reports on TNZ shares. Haywood Securities lifted their target price on Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. National Bank Financial lifted their target price on Tenaz Energy from C$52.00 to C$66.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Finally, Canadian Imperial Bank of Commerce set a C$80.00 target price on Tenaz Energy and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$72.00.
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.
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