Haywood Securities Issues Positive Forecast for Tenaz Energy (TSE:TNZ) Stock Price

Tenaz Energy (TSE:TNZ) had its price objective boosted by investment analysts at Haywood Securities from C$14.25 to C$17.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. Haywood Securities’ price objective would suggest a potential upside of 25.00% from the company’s current price.

Separately, Cormark raised Tenaz Energy to a “moderate buy” rating in a research note on Monday, September 23rd.

Tenaz Energy Price Performance

Tenaz Energy stock traded down C$0.10 during midday trading on Wednesday, reaching C$14.00. The company’s stock had a trading volume of 37,375 shares, compared to its average volume of 64,872. Tenaz Energy has a 52 week low of C$3.40 and a 52 week high of C$15.43. The company has a current ratio of 2.44, a quick ratio of 2.77 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of C$12.00 and a 200-day moving average price of C$8.22. The stock has a market cap of C$382.48 million, a PE ratio of 16.09 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last released its earnings results on Thursday, November 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. The business had revenue of C$14.82 million during the quarter. On average, sell-side analysts predict that Tenaz Energy will post 0.3896418 EPS for the current year.

Tenaz Energy Company Profile

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.