Tenaz Energy (TSE:TNZ) Given a C$80.00 Price Target at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce set a C$80.00 price objective on Tenaz Energy (TSE:TNZ) in a research report released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Haywood Securities raised their target price on shares of Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. 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 report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tenaz Energy currently has a consensus rating of “Buy” and a consensus price target of C$72.00.

Tenaz Energy Price Performance

TNZ stock opened at C$60.84 on Wednesday. Tenaz Energy has a 52 week low of C$10.59 and a 52 week high of C$69.10. The company has a quick ratio of 2.77, a current ratio of 0.94 and a debt-to-equity ratio of 77.90. The company has a fifty day simple moving average of C$51.70 and a two-hundred day simple moving average of C$34.95. The firm has a market capitalization of C$1.95 billion, a P/E ratio of 6.07 and a beta of 0.72.

Tenaz Energy (TSE:TNZ) last released its earnings results 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%. Analysts anticipate that Tenaz Energy will post 0.3896418 earnings per share 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.