Tenaz Energy (TSE:TNZ) Stock Price Up 2.1% – Should You Buy?

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

Wall Street Analyst Weigh In

A number of analysts have commented on TNZ shares. BMO Capital Markets upped their price target on shares of Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. National Bank Financial lifted 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$79.00.

Tenaz Energy Stock Up 2.1%

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

Tenaz Energy (TSE:TNZ) last issued its earnings results on Thursday, August 6th. The company reported C$2.58 earnings per share (EPS) for the quarter. The business had revenue of C$156.69 million for the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. Equities research analysts anticipate that Tenaz Energy Corp. will post 0.3896418 EPS 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’.