Tenaz Energy (TSE:TNZ) Trading 3.4% Higher – What’s Next?

Shares of Tenaz Energy Corp. (TSE:TNZ) rose 3.4% on Thursday . The company traded as high as C$63.45 and last traded at C$63.45. Approximately 88,090 shares changed hands during trading, a decline of 61% from the average daily volume of 224,934 shares. The stock had previously closed at C$61.35.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Haywood Securities raised their target price on Tenaz Energy from C$55.00 to C$70.00 in a research note on Monday, March 16th. National Bank Financial upped their price target on Tenaz Energy from C$52.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$68.00.

Tenaz Energy Trading Up 4.7%

The stock’s fifty day simple moving average is C$44.24 and its two-hundred day simple moving average is C$31.18. The firm has a market cap of C$2.17 billion, a PE ratio of 11.05 and a beta of 1.65. The company has a quick ratio of 2.77, a current ratio of 0.94 and a debt-to-equity ratio of 77.90.

Tenaz Energy (TSE:TNZ) last released its earnings results on Thursday, March 12th. The company reported C$3.66 earnings per share (EPS) for the quarter. The firm had revenue of C$231.30 million during the quarter. Tenaz Energy had a net margin of 109.18% and a return on equity of 112.36%. On average, sell-side analysts forecast that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal year.

About Tenaz Energy

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.