Tenaz Energy (TSE:TNZ) Stock Price Down 7.1% – Here’s Why

Shares of Tenaz Energy Corp. (TSE:TNZ) fell 7.1% during trading on Wednesday . The company traded as low as C$59.46 and last traded at C$59.99. 66,254 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 250,847 shares. The stock had previously closed at C$64.56.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. National Bank Financial raised their target price on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Haywood Securities increased their price target on Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Tenaz Energy presently has an average rating of “Buy” and an average target price of C$68.00.

Tenaz Energy Stock Performance

The company has a debt-to-equity ratio of 77.90, a quick ratio of 2.77 and a current ratio of 0.94. The firm’s 50-day moving average price is C$49.73 and its two-hundred day moving average price is C$33.76. The stock has a market cap of C$1.91 billion, a price-to-earnings ratio of 5.96 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings data on Thursday, March 12th. The company reported C$3.66 earnings per share (EPS) for the quarter. The firm had revenue of C$231.30 million during the quarter. Tenaz Energy had a net margin of 109.18% and a return on equity of 112.36%. On average, analysts expect that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal 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.