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

Tenaz Energy (TSE:TNZ) had its price target increased by analysts at National Bankshares from C$52.00 to C$66.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 64.75% from the company’s previous close.

Tenaz Energy Stock Performance

Shares of TNZ stock traded up C$3.26 during trading hours on Tuesday, reaching C$40.06. The stock had a trading volume of 206,933 shares, compared to its average volume of 204,478. Tenaz Energy has a twelve month low of C$10.59 and a twelve month high of C$40.44. The firm has a market capitalization of C$1.28 billion, a PE ratio of 6.52 and a beta of 1.25. The firm has a 50-day simple moving average of C$27.66 and a 200-day simple moving average of C$24.44. The company has a debt-to-equity ratio of 10.56, a current ratio of 1.43 and a quick ratio of 2.77.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.75 earnings per share (EPS) for the quarter. The firm had revenue of C$93.78 million during the quarter. Tenaz Energy had a return on equity of 1.90% and a net margin of 2.83%. As a group, equities analysts forecast that Tenaz Energy will post 0.3896418 earnings per share for the current 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.