Tenaz Energy (TSE:TNZ) Shares Down 7.1% – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ) fell 7.1% during trading on Wednesday . The company traded as low as C$59.46 and last traded at C$59.99. 66,254 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 250,847 shares. The stock had previously closed at C$64.56.

Analyst Ratings Changes

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

Tenaz Energy Price Performance

The stock has a 50 day simple moving average of C$48.73 and a two-hundred day simple moving average of C$33.40. The firm has a market cap of C$1.95 billion, a PE ratio of 6.08 and a beta of 1.65. The company has a debt-to-equity ratio of 77.90, a quick ratio of 2.77 and a current ratio of 0.94.

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

Tenaz Energy Company Profile

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.