Tenaz Energy (TSE:TNZ) Upgraded by National Bank Financial to Strong-Buy Rating

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

Other research analysts have also recently issued reports about the company. Haywood Securities upped their price objective on Tenaz Energy from C$14.25 to C$17.50 in a research report on Wednesday, December 18th. National Bankshares set a C$23.00 price target on Tenaz Energy and gave the company an “outperform” rating in a report on Friday.

Tenaz Energy Price Performance

TNZ opened at C$15.25 on Thursday. The stock’s 50-day moving average price is C$13.66 and its 200 day moving average price is 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 current ratio of 2.44, a quick ratio of 2.77 and a debt-to-equity ratio of 0.26.

Tenaz Energy (TSE:TNZ) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.09) EPS for the quarter. Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. The business had revenue of C$14.82 million during the quarter. As a group, sell-side analysts expect 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.