Tenaz Energy (TSE:TNZ) Price Target Raised to C$52.00 at National Bankshares

Tenaz Energy (TSE:TNZ) had its target price raised by equities researchers at National Bankshares from C$34.00 to C$52.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 85.05% from the stock’s previous close.

Tenaz Energy Trading Up 16.1%

TNZ traded up C$3.89 during trading on Friday, reaching C$28.10. 237,668 shares of the stock traded hands, compared to its average volume of 146,394. The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56. The stock’s 50-day moving average is C$24.81 and its 200 day moving average is C$22.66. Tenaz Energy has a 12 month low of C$10.59 and a 12 month high of C$28.15. The stock has a market capitalization of C$899.20 million, a PE ratio of 4.58 and a beta of 1.25.

Tenaz Energy (TSE:TNZ) last issued its earnings results on Thursday, November 6th. The company reported C$0.75 earnings per share for the quarter. The company had revenue of C$93.78 million for the quarter. Tenaz Energy had a return on equity of 1.90% and a net margin of 2.83%. Equities analysts anticipate that Tenaz Energy will post 0.3896418 earnings per share for the current 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.