Tenaz Energy (TSE:TNZ) Trading 2.1% Higher – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ) shares rose 2.1% during trading on Friday . The company traded as high as C$65.49 and last traded at C$64.64. Approximately 170,231 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 215,867 shares. The stock had previously closed at C$63.29.

Wall Street Analysts Forecast Growth

TNZ has been the subject of several recent research reports. BMO Capital Markets lifted their price target on Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. National Bank Financial upped their price objective on Tenaz Energy from C$90.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$79.00.

Tenaz Energy Stock Performance

The business’s 50-day simple moving average is C$53.46 and its two-hundred day simple moving average is C$54.81. The company has a quick ratio of 2.77, a current ratio of 0.89 and a debt-to-equity ratio of 100.16. The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 17.28 and a beta of 0.89.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%.The firm had revenue of C$156.69 million for the quarter. As a group, sell-side analysts expect that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal year.

Tenaz Energy Company Profile

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’.