Tenaz Energy (TSE:TNZ) Price Target Raised to C$75.00 at BMO Capital Markets

Tenaz Energy (TSE:TNZ) had its price target upped by BMO Capital Markets from C$70.00 to C$75.00 in a report released on Friday,BayStreet.CA reports.

Separately, National Bank Financial raised their price objective on Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$79.00.

Tenaz Energy Price Performance

Shares of Tenaz Energy stock opened at C$54.18 on Friday. The stock has a market capitalization of C$1.79 billion, a P/E ratio of 8.05 and a beta of 0.89. The business has a 50 day simple moving average of C$51.06 and a two-hundred day simple moving average of C$52.52. Tenaz Energy has a 12 month low of C$18.55 and a 12 month high of C$69.10. The company has a debt-to-equity ratio of 114.55, a current ratio of 0.69 and a quick ratio of 2.77.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 earnings per share (EPS) for the quarter. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%.The firm had revenue of C$156.69 million for the quarter. As a group, analysts predict that Tenaz Energy will post 0.3896418 EPS for the current fiscal year.

Insider Activity

In related news, insider Jonathan Balkwill acquired 2,000 shares of Tenaz Energy stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of C$50.24 per share, for a total transaction of C$100,480.00. Following the acquisition, the insider owned 117,795 shares in the company, valued at approximately C$5,918,020.80. This represents a 1.73% increase in their ownership of the stock. Insiders own 8.41% of the company’s stock.

Tenaz Energy Company Profile

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.