Tenaz Energy (TSE:TNZ) Stock Breaks Below Two Hundred Day Moving Average – What’s Next?

Tenaz Energy Corp. (TSE:TNZ – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$57.08 and traded as low as C$47.21. Tenaz Energy shares last traded at C$50.45, with a volume of 1,354,480 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently commented on TNZ. National Bank Financial lifted their price target on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the company an “outperform” rating in a research report on Wednesday, September 30th. BMO Capital Markets increased their price objective on Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$81.25.

Check Out Our Latest Stock Analysis on TNZ

Tenaz Energy Trading Down 18.4%

The business has a fifty day moving average price of C$68.70 and a two-hundred day moving average price of C$57.08. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16. The firm has a market capitalization of C$1.67 billion, a PE ratio of 13.49 and a beta of 1.14.

Tenaz Energy (TSE:TNZ – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported C($2.25) earnings per share (EPS) for the quarter. The company had revenue of C$269.01 million during the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. Analysts expect that Tenaz Energy Corp. will post 0.39 EPS for the current fiscal year.

Tenaz Energy Company Profile

(Get Free Report)

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’.

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