Tenaz Energy (TSE:TNZ) Given a C$23.00 Price Target at National Bankshares

Tenaz Energy (TSE:TNZ) has been given a C$23.00 target price by research analysts at National Bankshares in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 58.29% from the company’s current price.

Separately, Haywood Securities increased their price target on shares of Tenaz Energy from C$14.25 to C$17.50 in a report on Wednesday, December 18th.

Tenaz Energy Stock Up 5.7 %

TNZ stock traded up C$0.78 during mid-day trading on Friday, reaching C$14.53. The company had a trading volume of 117,535 shares, compared to its average volume of 48,657. Tenaz Energy has a 52 week low of C$3.40 and a 52 week high of C$15.43. The company has a market capitalization of C$396.96 million, a price-to-earnings ratio of 16.70 and a beta of 1.65. The stock has a 50 day simple moving average of C$13.66 and a two-hundred day simple moving average of C$10.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.44 and a quick ratio of 2.77.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings data 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 firm had revenue of C$14.82 million for the quarter. As a group, equities analysts predict that Tenaz Energy will post 0.3896418 earnings per share for the current fiscal 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.