Tenaz Energy (TSE:TNZ) Stock Price Expected to Rise, Haywood Securities Analyst Says

Tenaz Energy (TSE:TNZ) had its price objective raised by equities researchers at Haywood Securities from C$14.25 to C$17.50 in a research report issued on Wednesday,BayStreet.CA reports. Haywood Securities’ price target suggests a potential upside of 32.18% from the stock’s current price.

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

Tenaz Energy Stock Down 3.6 %

Shares of TNZ stock opened at C$13.24 on Wednesday. Tenaz Energy has a 12-month low of C$3.40 and a 12-month high of C$15.43. 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 fifty day moving average of C$12.22 and a 200-day moving average of C$8.36. The company has a market capitalization of C$361.72 million, a price-to-earnings ratio of 15.22 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, November 7th. The company reported C($0.09) earnings per share for the quarter. Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. The company had revenue of C$14.82 million during the quarter. As a group, equities research analysts predict 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.