Tenaz Energy (TSE:TNZ) Sets New 1-Year High - What's Next?

Key Points

• Tenaz Energy shares reached a new 52-week high, trading as high as C$76.00 and closing last at C$75.75, up 4.9% from the prior close.
• Analyst sentiment remains positive: three analysts rate the stock “Buy,” with a consensus target of C$81.25. National Bank Financial raised its target to C$100, while BMO Capital Markets increased its target to C$75.
• Tenaz reported quarterly EPS of C$2.58 on revenue of C$156.69 million, alongside a 29.5% return on equity and a 22.09% net margin. The company produces natural gas in the Netherlands and develops oil and gas assets in Alberta.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report)'s stock price hit a new 52-week high on Friday. The stock traded as high as C$76.00 and last traded at C$75.75, with a volume of 129,454 shares. The stock had previously closed at C$71.60.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TNZ shares. BMO Capital Markets lifted their target price on Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. National Bank Financial lifted their price target on Tenaz Energy from C$91.00 to C$100.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 30th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$81.25.

Tenaz Energy Trading Up 4.9%

The business's 50-day moving average price is C$66.76 and its two-hundred day moving average price is C$59.07. The firm has a market cap of C$2.49 billion, a price-to-earnings ratio of 20.09 and a beta of 0.95. The company has a debt-to-equity ratio of 100.16, a current ratio of 0.89 and a quick ratio of 2.77.

Tenaz Energy (TSE:TNZ - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. The company had revenue of C$156.69 million during the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. Equities analysts expect that Tenaz Energy Corp. will post 0.39 earnings per share 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'.

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