Tenaz Energy (TSE:TNZ) Given a C$70.00 Price Target by BMO Capital Markets Analysts

Tenaz Energy (TSE:TNZ) has been assigned a C$70.00 target price by equities researchers at BMO Capital Markets in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 25.65% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Canadian Imperial Bank of Commerce set a C$80.00 target price on Tenaz Energy and gave the company an “outperform” rating in a research note on Wednesday, April 8th. National Bank Financial boosted their price target 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$77.75.

Tenaz Energy Stock Up 3.2%

TSE TNZ traded up C$1.74 during trading hours on Thursday, hitting C$55.71. The company had a trading volume of 32,825 shares, compared to its average volume of 227,065. The firm’s 50 day moving average is C$50.75 and its 200 day moving average is C$51.49. The company has a debt-to-equity ratio of 114.55, a current ratio of 0.69 and a quick ratio of 2.77. Tenaz Energy has a fifty-two week low of C$17.75 and a fifty-two week high of C$69.10. The company has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 8.28 and a beta of 0.93.

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

Insider Transactions at Tenaz Energy

In other news, insider Jonathan Balkwill purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average price of C$50.24 per share, with a total value of C$100,480.00. Following the purchase, the insider directly owned 117,795 shares of the company’s stock, valued at approximately C$5,918,020.80. This represents a 1.73% increase in their position. 8.41% of the stock is owned by company insiders.

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’.