Tenaz Energy (TSE:TNZ) Given New C$91.00 Price Target at National Bank Financial

Tenaz Energy (TSE:TNZ) had its price objective hoisted by analysts at National Bank Financial from C$90.00 to C$91.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 91.46% from the stock’s previous close.

Several other research firms also recently issued reports on TNZ. Canadian Imperial Bank of Commerce set a C$80.00 price objective on Tenaz Energy and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Haywood Securities upped their price target on shares of Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$80.33.

Tenaz Energy Stock Up 3.3%

Shares of TSE:TNZ traded up C$1.53 during mid-day trading on Wednesday, hitting C$47.53. 122,598 shares of the company traded hands, compared to its average volume of 231,677. The firm has a market cap of C$1.56 billion, a P/E ratio of 7.06 and a beta of 0.93. Tenaz Energy has a 52-week low of C$17.75 and a 52-week high of C$69.10. The firm’s 50 day simple moving average is C$53.47 and its 200 day simple moving average is C$48.40. The company has a debt-to-equity ratio of 114.55, a quick ratio of 2.77 and a current ratio of 0.69.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, May 7th. The company reported C($3.48) EPS for the quarter. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%.The firm had revenue of C$262.32 million for the quarter. On average, equities analysts anticipate that Tenaz Energy will post 0.3896418 EPS for the current year.

Insider Buying and Selling at Tenaz Energy

In other Tenaz Energy news, insider Jonathan Balkwill purchased 2,000 shares of Tenaz Energy stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of C$50.24 per share, for a total transaction of C$100,480.00. Following the transaction, the insider owned 117,795 shares in the company, valued at C$5,918,020.80. This represents a 1.73% increase in their position. Company insiders own 8.41% of the company’s stock.

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.