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

Tenaz Energy logo with Energy background

Key Points

  • National Bankshares raised Tenaz Energy's price target from C$32.00 to C$34.00, suggesting a potential upside of 36.00% from the stock's previous close.
  • Tenaz Energy's stock price rose 1.8% on Wednesday, reaching C$25.00, with a trading volume exceeding its average.
  • The company has a significant debt-to-equity ratio of 10.56 and operates in both Canada and the Netherlands, focusing on sustainable oil and gas asset development.
  • MarketBeat previews top five stocks to own in November.

Tenaz Energy (TSE:TNZ - Get Free Report) had its price target boosted by analysts at National Bankshares from C$32.00 to C$34.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 36.00% from the stock's previous close.

Tenaz Energy Stock Up 1.8%

Shares of TNZ traded up C$0.43 on Wednesday, reaching C$25.00. The stock had a trading volume of 132,942 shares, compared to its average volume of 75,395. The firm has a market capitalization of C$709.15 million, a price-to-earnings ratio of 4.73 and a beta of 0.73. The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43. The company has a 50-day simple moving average of C$22.49 and a 200-day simple moving average of C$18.98. Tenaz Energy has a 12-month low of C$8.92 and a 12-month high of C$27.61.

About Tenaz Energy

(Get Free Report)

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.

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