Tenaz Energy (TSE:TNZ) Stock Price Down 9.9% - Here's Why

Key Points

• Tenaz Energy shares fell 9.9% to C$57.62 on Friday, with about 121,734 shares traded—roughly 52% below the average daily volume.
• Analysts maintain a consensus "Buy" rating with an average price target of C$72, and several firms recently raised targets (CIBC C$80, Haywood C$70, National Bank C$66).
• The company reported strong quarterly results—C$3.66 EPS, a net margin of ~109% and ROE ~112%—and trades at a P/E of 5.98 with a market cap of C$1.92 billion.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) shares dropped 9.9% on Friday . The company traded as low as C$57.62 and last traded at C$57.62. Approximately 121,734 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 253,525 shares. The stock had previously closed at C$63.97.

Analyst Ratings Changes

TNZ has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce set a C$80.00 price objective on shares of Tenaz Energy and gave the company an "outperform" rating in a report on Wednesday, April 8th. National Bank Financial boosted their target price on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 3rd. Finally, Haywood Securities boosted their target price on shares of Tenaz Energy from C$55.00 to C$70.00 in a research note on Monday, March 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$72.00.

Tenaz Energy Stock Down 6.4%

The company has a current ratio of 0.94, a quick ratio of 2.77 and a debt-to-equity ratio of 77.90. The company has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 5.98 and a beta of 0.72. The firm's fifty day simple moving average is C$54.52 and its two-hundred day simple moving average is C$36.59.

Tenaz Energy (TSE:TNZ - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported C$3.66 EPS for the quarter. Tenaz Energy had a net margin of 109.18% and a return on equity of 112.36%. The firm had revenue of C$231.30 million for the quarter. Sell-side analysts anticipate that Tenaz Energy Corp. will post 0.3896418 EPS for the current year.

Tenaz Energy Company Profile

Tenaz Energy Corp. TSX: TNZ is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands gas assets are located in the Dutch sector of the North Sea.

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