Tenaz Energy (TSE:TNZ) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

Tenaz Energy Corp. (TSE:TNZ)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$57.08 and traded as low as C$47.21. Tenaz Energy shares last traded at C$50.45, with a volume of 1,354,480 shares.

Analysts Set New Price Targets

TNZ has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. National Bank Financial lifted their target price on shares of 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$81.25.

Tenaz Energy Trading Down 18.4%

The firm has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 13.49 and a beta of 1.14. The company has a fifty day moving average price of C$68.70 and a two-hundred day moving average price of C$57.08. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16.

Tenaz Energy (TSE:TNZ) last issued its earnings results on Thursday, November 5th. The company reported C($2.25) earnings per share (EPS) for the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. The company had revenue of C$269.01 million during the quarter. As a group, research analysts forecast that Tenaz Energy Corp. will post 0.39 earnings per share for the current fiscal year.

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’.