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

Tenaz Energy (TSE:TNZ) was upgraded by research analysts at National Bank Financial to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages also recently commented on TNZ. National Bankshares set a C$23.00 price objective on shares of Tenaz Energy and gave the company an “outperform” rating in a research note on Friday. Haywood Securities boosted their target price on Tenaz Energy from C$14.25 to C$17.50 in a research note on Wednesday, December 18th.

Tenaz Energy Stock Performance

TSE TNZ opened at C$15.25 on Thursday. The company has a 50-day simple moving average of C$13.66 and a two-hundred day simple moving average of C$10.75. Tenaz Energy has a 12-month low of C$3.40 and a 12-month high of C$15.43. The firm has a market cap of C$416.63 million, a price-to-earnings ratio of 17.53 and a beta of 1.65. The company has a quick ratio of 2.77, a current ratio of 2.44 and a debt-to-equity ratio of 0.26.

Tenaz Energy (TSE:TNZ) last issued its earnings results on Thursday, November 7th. The company reported C($0.09) EPS for the quarter. The firm 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%. On average, equities analysts forecast that Tenaz Energy will post 0.3896418 EPS for the current year.

About Tenaz Energy

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.