Tenaz Energy (TSE:TNZ) Raised to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Tenaz Energy (TSE:TNZ) to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Haywood Securities increased their price objective on shares of Tenaz Energy from C$14.25 to C$17.50 in a research note on Wednesday, December 18th. National Bankshares set a C$23.00 price target on Tenaz Energy and gave the company an “outperform” rating in a research note on Friday.

Tenaz Energy Trading Up 10.9 %

TSE TNZ opened at C$15.25 on Thursday. Tenaz Energy has a 52 week low of C$3.40 and a 52 week high of C$15.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.77 and a current ratio of 2.44. The stock’s 50 day moving average price is C$13.66 and its two-hundred day moving average price is C$10.75. The stock has a market capitalization of C$416.63 million, a price-to-earnings ratio of 17.53 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, November 7th. The company reported C($0.09) EPS for the quarter. The business had revenue of C$14.82 million during the quarter. Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. As a group, analysts anticipate that Tenaz Energy will post 0.3896418 earnings per share for the current fiscal year.

Tenaz Energy Company Profile

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.