Tenaz Energy (TSE:TNZ) Posts Earnings Results

Tenaz Energy (TSE:TNZ) released its quarterly earnings data on Thursday. The company reported C$3.66 earnings per share for the quarter, FiscalAI reports. Tenaz Energy had a return on equity of 103.91% and a net margin of 106.48%.The firm had revenue of C$231.30 million during the quarter.

Tenaz Energy Price Performance

TNZ stock traded down C$3.25 during mid-day trading on Friday, hitting C$52.52. The company had a trading volume of 65,302 shares, compared to its average volume of 209,703. The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 8.55 and a beta of 1.65. Tenaz Energy has a 12-month low of C$10.59 and a 12-month high of C$58.37. The company has a quick ratio of 2.77, a current ratio of 1.44 and a debt-to-equity ratio of 60.89. The company has a 50-day moving average price of C$39.87 and a 200 day moving average price of C$29.55.

Wall Street Analysts Forecast Growth

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

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.