National Bank Financial Forecasts Strong Price Appreciation for Tenaz Energy (TSE:TNZ) Stock

Tenaz Energy (TSE:TNZ) had its target price lifted by equities researchers at National Bank Financial from C$91.00 to C$100.00 in a report issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 57.11% from the stock’s current price.

Separately, BMO Capital Markets boosted their target price on shares of Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$81.25.

Tenaz Energy Stock Up 0.3%

Shares of TSE:TNZ opened at C$63.65 on Wednesday. The stock’s 50-day moving average price is C$62.25 and its two-hundred day moving average price is C$58.29. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16. Tenaz Energy has a 12-month low of C$19.80 and a 12-month high of C$76.00. The firm has a market cap of C$2.11 billion, a price-to-earnings ratio of 17.02 and a beta of 0.68.

Tenaz Energy (TSE:TNZ) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. The company had revenue of C$156.69 million during the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. On average, research analysts forecast that Tenaz Energy will post 0.3896418 EPS for the current year.

About Tenaz Energy

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’.