Tenaz Energy (TSE:TNZ – Get Free Report) issued its earnings results on Thursday. The company reported C($2.25) earnings per share for the quarter, FiscalAI reports. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. The business had revenue of C$269.01 million for the quarter.
Tenaz Energy Stock Down 18.4%
Tenaz Energy stock opened at C$50.45 on Friday. The stock has a 50 day moving average of C$68.70 and a two-hundred day moving average of C$57.08. Tenaz Energy has a twelve month low of C$22.60 and a twelve month high of C$76.70. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 13.49 and a beta of 1.14. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TNZ. National Bank Financial lifted their target price on Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. BMO Capital Markets raised their target price on shares of Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Tenaz Energy currently has an average rating of “Buy” and an average target price of C$81.25.
Read Our Latest Report on Tenaz Energy
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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