National Bank Financial Forecasts Strong Price Appreciation for Tenaz Energy (TSE:TNZ) Stock

Tenaz Energy (TSE:TNZ) had its price objective upped by National Bank Financial from C$90.00 to C$91.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 91.46% from the stock’s current price.

Other analysts have also issued research reports about the stock. Haywood Securities raised their target price on shares of Tenaz Energy from C$55.00 to C$70.00 in a research report on Monday, March 16th. Canadian Imperial Bank of Commerce set a C$80.00 price target on Tenaz Energy and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$80.33.

Tenaz Energy Price Performance

Shares of TNZ stock traded up C$1.53 during trading hours on Wednesday, hitting C$47.53. The company’s stock had a trading volume of 122,598 shares, compared to its average volume of 231,677. The company has a current ratio of 0.69, a quick ratio of 2.77 and a debt-to-equity ratio of 114.55. Tenaz Energy has a twelve month low of C$17.75 and a twelve month high of C$69.10. The stock has a market cap of C$1.56 billion, a price-to-earnings ratio of 7.06 and a beta of 0.93. The business has a fifty day moving average of C$53.47 and a 200-day moving average of C$48.40.

Tenaz Energy (TSE:TNZ) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($3.48) EPS for the quarter. Tenaz Energy had a net margin of 52.13% and a return on equity of 61.60%. The company had revenue of C$262.32 million for the quarter. As a group, equities research analysts anticipate that Tenaz Energy will post 0.3896418 EPS for the current year.

Insider Buying and Selling

In other news, insider Jonathan Balkwill acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of C$50.24 per share, for a total transaction of C$100,480.00. Following the acquisition, the insider directly owned 117,795 shares in the company, valued at C$5,918,020.80. This trade represents a 1.73% increase in their position. 8.41% of the stock is owned by corporate insiders.

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.