Tenaz Energy (TSE:TNZ) Posts Quarterly Earnings Results

Tenaz Energy (TSE:TNZ) announced its quarterly earnings results on Thursday. The company reported C($2.25) EPS for the quarter, FiscalAI reports. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. The business had revenue of C$269.01 million during the quarter.

Tenaz Energy Price Performance

Shares of TNZ stock traded down C$1.20 during mid-day trading on Friday, hitting C$49.25. The company had a trading volume of 762,728 shares, compared to its average volume of 216,236. The company has a debt-to-equity ratio of 100.16, a current ratio of 0.89 and a quick ratio of 2.77. The company has a market capitalization of C$1.63 billion, a P/E ratio of 13.17 and a beta of 1.14. The stock’s 50 day moving average price is C$68.42 and its 200-day moving average price is C$57.15. Tenaz Energy has a 52-week low of C$22.60 and a 52-week high of C$76.70.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. National Bank Financial upped their price target on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 30th. BMO Capital Markets upped their price objective on Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$81.25.

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’.