Tenaz Energy (TSE:TNZ) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• National Bankshares has raised its price target for Tenaz Energy from C$24.00 to C$32.00, indicating a potential upside of 19.40% for investors.
• The stock recently traded at C$26.80 with a market capitalization of C$760.21 million and a PE ratio of 5.07.
• Tenaz Energy is focused on the acquisition and sustainable development of international oil and gas assets, with operations in Canada and offshore gas assets in the Netherlands.

Tenaz Energy (TSE:TNZ - Get Free Report) had its price target raised by equities researchers at National Bankshares from C$24.00 to C$32.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 19.40% from the stock's current price.

Tenaz Energy Stock Performance

TNZ traded up C$0.07 during trading on Tuesday, hitting C$26.80. The stock had a trading volume of 183,888 shares, compared to its average volume of 71,714. The firm has a market cap of C$760.21 million, a PE ratio of 5.07 and a beta of 0.73. Tenaz Energy has a 12 month low of C$7.86 and a 12 month high of C$27.61. The company has a current ratio of 1.43, a quick ratio of 2.77 and a debt-to-equity ratio of 10.56. The company has a 50 day simple moving average of C$20.93 and a 200-day simple moving average of C$18.03.

About Tenaz Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.