National Bank Financial Forecasts Strong Price Appreciation for Tenaz Energy (TSE:TNZ) Stock

Tenaz Energy (TSE:TNZ) had its price target increased by equities researchers at National Bank Financial from C$91.00 to C$100.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 57.11% from the stock’s current price.

Separately, BMO Capital Markets lifted their target price on shares of Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tenaz Energy presently has an average rating of “Buy” and an average price target of C$81.25.

Tenaz Energy Trading Up 0.3%

TSE TNZ opened at C$63.65 on Wednesday. Tenaz Energy has a one year low of C$19.80 and a one year high of C$76.00. The company’s 50 day moving average price is C$62.25 and its 200 day moving average price is C$58.29. The company has a debt-to-equity ratio of 100.16, a quick ratio of 2.77 and a current ratio of 0.89. The firm has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 17.02 and a beta of 0.68.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 earnings per share for the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. The firm had revenue of C$156.69 million for 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. 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’.