Tenaz Energy (TSE:TNZ) Stock Price Expected to Rise, National Bankshares Analyst Says

Tenaz Energy (TSE:TNZ) had its target price increased by research analysts at National Bankshares from C$52.00 to C$66.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 58.16% from the company’s previous close.

Tenaz Energy Stock Up 2.2%

TNZ opened at C$41.73 on Tuesday. Tenaz Energy has a 12 month low of C$10.59 and a 12 month high of C$42.09. The company has a current ratio of 1.43, a quick ratio of 2.77 and a debt-to-equity ratio of 10.56. The business’s 50-day moving average price is C$28.36 and its 200-day moving average price is C$24.71. The company has a market cap of C$1.34 billion, a P/E ratio of 6.80 and a beta of 1.72.

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