Tenaz Energy (TSE:TNZ) Hits New 52-Week High on Analyst Upgrade

Shares of Tenaz Energy Corp. (TSE:TNZ) hit a new 52-week high on Monday after Haywood Securities raised their price target on the stock from C$55.00 to C$70.00. The stock traded as high as C$58.49 and last traded at C$58.11, with a volume of 130544 shares changing hands. The stock had previously closed at C$55.60.

Separately, National Bank Financial increased their price objective on Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$68.00.

Tenaz Energy Price Performance

The stock has a market cap of C$2.00 billion, a P/E ratio of 10.15 and a beta of 1.65. The firm has a 50-day moving average price of C$41.88 and a 200-day moving average price of C$30.41. The company has a debt-to-equity ratio of 77.90, a quick ratio of 2.77 and a current ratio of 0.94.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings results on Thursday, March 12th. The company reported C$3.66 earnings per share for the quarter. The company 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%. On average, analysts forecast that Tenaz Energy Corp. 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.