In a new note to investors today, an analyst has provided a rating update for Tenaz Energy Corp (TNZ – Research Report). Analyst Christopher Jones from Haywood remains bullish on the stock and has a $4.50 price target.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 20.0% and a 93.3% success rate. Jones covers the NA sector, focusing on stocks such as Whitecap Resources, Birchcliff Energy, and Southern Energy.
Tenaz Energy Corp has an analyst consensus of Moderate Buy, with a price target consensus of C$6.05.
Based on Tenaz Energy Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$16.6 million and net profit of C$2.88 million. In comparison, last year the company earned revenue of C$5.26 million and had a net profit of C$3.5 million.
Altura Energy Inc is a Canada based company engaged in the exploration, development and production of oil and natural gas in Central Alberta. It has acquired lands in the Upper Mannville oil pool at Leduc-Woodbend. The company’s objective is to sell its crude oil on a monthly index basis and natural gas production on a spot basis.
The company’s shares closed last Friday at C$3.72, close to its 52-week high of C$3.84.
