Tenaz Energy (TSE:TNZ) Price Target Raised to C$70.00 at Haywood Securities

Tenaz Energy (TSE:TNZ) had its price target upped by Haywood Securities from C$55.00 to C$70.00 in a research note published on Monday,BayStreet.CA reports.

Separately, National Bank Financial raised their price objective on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$68.00.

Tenaz Energy Stock Up 5.2%

Shares of TSE:TNZ opened at C$58.50 on Monday. Tenaz Energy has a 52-week low of C$10.59 and a 52-week high of C$58.99. The stock has a market cap of C$1.88 billion, a P/E ratio of 9.53 and a beta of 1.65. The business has a fifty day moving average of C$41.12 and a two-hundred day moving average of C$30.14. The company has a quick ratio of 2.77, a current ratio of 0.94 and a debt-to-equity ratio of 77.90.

Tenaz Energy (TSE:TNZ) last posted its quarterly earnings results on Thursday, March 12th. The company reported C$3.66 EPS for the quarter. The business 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, research analysts expect that Tenaz Energy will post 0.3896418 earnings per share 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.