Haywood Securities Forecasts Strong Price Appreciation for Tenaz Energy (TSE:TNZ) Stock

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

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

Tenaz Energy Stock Down 3.6 %

Shares of TNZ opened at C$13.24 on Wednesday. The business’s fifty day moving average price is C$12.22 and its two-hundred day moving average price is C$8.36. The firm 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 has a 52 week low of C$3.40 and a 52 week high of C$15.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.77 and a current ratio of 2.44.

Tenaz Energy (TSE:TNZ) last released its earnings results on Thursday, November 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. The business had revenue of C$14.82 million for the quarter. On average, analysts predict that Tenaz Energy will post 0.3896418 earnings per share 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.