National Bankshares Boosts Tenaz Energy (TSE:TNZ) Price Target to C$52.00

Tenaz Energy (TSE:TNZ) had its price objective increased by research analysts at National Bankshares from C$34.00 to C$52.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 85.52% from the company’s previous close.

Tenaz Energy Stock Performance

TSE TNZ opened at C$28.03 on Friday. The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43. The stock’s fifty day moving average is C$24.83 and its two-hundred day moving average is C$22.75. The firm has a market capitalization of C$896.96 million, a P/E ratio of 4.57 and a beta of 1.25. Tenaz Energy has a fifty-two week low of C$10.59 and a fifty-two week high of C$28.31.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, November 6th. The company reported C$0.75 earnings per share for the quarter. Tenaz Energy had a net margin of 2.83% and a return on equity of 1.90%. The company had revenue of C$93.78 million for the quarter. On average, research analysts anticipate that Tenaz Energy will post 0.3896418 earnings per share for the current year.

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.