Haywood Securities Issues Positive Forecast for Tenaz Energy (TSE:TNZ) Stock Price

Tenaz Energy (TSE:TNZ) had its price objective raised by Haywood Securities from C$14.25 to C$17.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Haywood Securities’ price target suggests a potential upside of 25.00% from the stock’s previous close.

Separately, Cormark upgraded shares of Tenaz Energy to a “moderate buy” rating in a report on Monday, September 23rd.

Tenaz Energy Trading Down 0.7 %

Shares of TNZ traded down C$0.10 on Wednesday, hitting C$14.00. 37,375 shares of the stock traded hands, compared to its average volume of 64,872. The company has a quick ratio of 2.77, a current ratio of 2.44 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of C$382.48 million, a P/E ratio of 16.09 and a beta of 1.65. The stock’s 50 day moving average is C$12.00 and its two-hundred day moving average is C$8.22. Tenaz Energy has a 1 year low of C$3.40 and a 1 year high of C$15.43.

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