Tenaz Energy (TSE:TNZ) Price Target Raised to C$70.00

Tenaz Energy (TSE:TNZ) had its price target boosted by Haywood Securities from C$55.00 to C$70.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Separately, National Bank Financial upped their target price on Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$68.00.

Tenaz Energy Price Performance

Shares of TNZ opened at C$61.35 on Monday. The company has a 50 day moving average of C$42.64 and a two-hundred day moving average of C$30.63. 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 has a twelve month low of C$10.59 and a twelve month high of C$63.50. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of 9.99 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings results on Thursday, March 12th. The company reported C$3.66 earnings per share (EPS) for the quarter. The business 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%. As a group, analysts predict that Tenaz Energy will post 0.3896418 earnings per share 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.