Tenaz Energy (TSE:TNZ) Sets New 52-Week High - Here's What Happened

Key Points

• Tenaz Energy shares reached a new 52-week high, trading as high as C$76.20 and last changing hands at C$76.37, up from a previous close of C$75.89.
• Analyst sentiment remains positive: National Bank Financial raised its price target to C$100 with an “outperform” rating, while the average analyst rating is “Buy” with an average target of C$81.25.
• In its latest quarter, Tenaz reported C$2.58 EPS and C$156.69 million in revenue, alongside a 29.50% return on equity and a 22.09% net margin.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) shares reached a new 52-week high on Thursday. The stock traded as high as C$76.20 and last traded at C$76.37, with a volume of 20,819 shares trading hands. The stock had previously closed at C$75.89.

Wall Street Analysts Forecast Growth

TNZ has been the topic of a number of research analyst reports. National Bank Financial raised their price objective on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the stock an "outperform" rating in a report on Wednesday, September 30th. BMO Capital Markets increased their target price on Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$81.25.

Tenaz Energy Stock Performance

The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16. The company's 50-day simple moving average is C$67.98 and its 200 day simple moving average is C$56.02. The stock has a market cap of C$2.52 billion, a P/E ratio of 20.38 and a beta of 0.95.

Tenaz Energy (TSE:TNZ - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$2.58 earnings per share (EPS) for the quarter. The company had revenue of C$156.69 million for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. As a group, sell-side analysts expect that Tenaz Energy Corp. will post 0.39 EPS for the current fiscal year.

About Tenaz Energy

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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