Tenaz Energy (TSE:TNZ) Announces Quarterly Earnings Results

Tenaz Energy (TSE:TNZ) announced its quarterly earnings data on Thursday. The company reported C($2.25) earnings per share for the quarter, FiscalAI reports. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. The firm had revenue of C$269.01 million for the quarter.

Tenaz Energy Stock Performance

Shares of TNZ traded down C$11.35 during trading hours on Thursday, hitting C$50.45. The company’s stock had a trading volume of 1,354,480 shares, compared to its average volume of 213,670. The company has a market cap of C$1.67 billion, a price-to-earnings ratio of 13.49 and a beta of 1.14. The company has a debt-to-equity ratio of 100.16, a current ratio of 0.89 and a quick ratio of 2.77. The business has a 50 day simple moving average of C$68.70 and a two-hundred day simple moving average of C$57.08. Tenaz Energy has a 52-week low of C$22.60 and a 52-week high of C$76.70.

Analyst Upgrades and Downgrades

TNZ has been the topic of several research reports. BMO Capital Markets boosted their target price on Tenaz Energy from C$70.00 to C$75.00 in a research note on Friday, August 7th. National Bank Financial increased their price target on Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 30th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$81.25.

About Tenaz Energy

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.