Education
About Us
Working with TipRanks
Follow Us
Tenaz Energy Corp (TSE:TNZ)
TSX:TNZ
Top Page
Tenaz Energy Corp
(TSX:TNZ)
60Neutral
Tenaz Energy Corp (TNZ) vs. S&P 500 (SPY)
Market Cap
C$322.89M
Dividend YieldN/A
Average Volume (3M)68.30K
Price to Earnings (P/E)187.1
Beta (1Y)1.59
Revenue Growth-3.79%
EPS Growth-128.77%
CountryCA
Employees21
SectorEnergy
Sector Strength61
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.28
Shares Outstanding27,574,000
10 Day Avg. Volume75,574
30 Day Avg. Volume68,301
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)6.23
Price to Cash Flow (P/CF)4089.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$23.00Price Target Upside96.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Tenaz Energy Corp Business Overview & Revenue Model
Company DescriptionTenaz Energy Corp (TNZ) is an energy company engaged in the exploration, development, and production of oil and natural gas. The company operates within the energy sector, focusing on the acquisition and management of high-quality oil and gas assets. Its core services revolve around the extraction and sale of hydrocarbons, leveraging advanced technologies to maximize resource recovery and operational efficiency.
How the Company Makes MoneyTenaz Energy Corp generates revenue primarily through the sale of oil and natural gas extracted from its exploration and production activities. The company earns money by selling these commodities to various markets, including domestic and international buyers. Its revenue streams are influenced by factors such as market demand, commodity prices, and production volumes. Additionally, Tenaz Energy may engage in strategic partnerships or joint ventures to enhance its exploration capabilities and expand its resource base, which can also contribute to its earnings.
Tenaz Energy Corp Financial Statement Overview
Summary
Tenaz Energy Corp exhibits strengths in liquidity and operational efficiency, as seen in its positive EBITDA margin and strong cash positions. However, challenges such as declining revenue, negative net income, and high leverage pose risks that need addressing. The company should focus on improving revenue growth and profitability to enhance financial stability.Income Statement
Tenaz Energy Corp showed a mixed performance in its income statement. The company experienced a decline in total revenue from the previous year, leading to a negative revenue growth rate. Gross profit margin stands at about 58.5%, indicating efficient cost management. However, the net profit margin is negative due to a net loss, which is a concern. The company also has no positive EBIT, but the EBITDA margin is positive at 6.8%, suggesting some operational efficiencies.65
Positive
Balance Sheet
The balance sheet reveals a moderate financial position. The debt-to-equity ratio is 1.50, indicating higher reliance on debt financing, which could be risky. However, a strong equity ratio of 23.6% suggests a solid equity base relative to total assets. The negative net debt position implies that the company has more cash and short-term investments than total debt, reflecting good liquidity.70
Positive
Cash Flow
Cash flow analysis shows challenges, with a significant drop in operating cash flow compared to the previous year. Free cash flow remains negative, indicating cash outflow after capital expenditures. The company’s free cash flow to net income ratio is not favorable due to the net loss. Despite the negative free cash flow, high financing cash flow indicates potential external funding, which needs to be monitored.60
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 63.00M | 64.85M | 34.09M | 17.83M | 8.62M |
| Gross Profit | ||||
| 36.85M | 39.23M | 21.71M | 11.09M | 4.11M |
| EBIT | ||||
| 0.00 | -96.00K | 5.81M | 2.35M | -2.67M |
| EBITDA | ||||
| 4.28M | 25.37M | 12.67M | 13.49M | -16.38M |
| Net Income Common Stockholders | ||||
| -7.71M | 26.55M | 5.24M | 8.34M | -22.31M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 139.91M | 50.30M | 1.83M | 25.47M | -206.00K |
| Total Assets | ||||
| 390.83M | 238.72M | 203.90M | 75.40M | 34.44M |
| Total Debt | ||||
| 138.54M | 244.00K | 21.61M | 167.00K | 4.19M |
| Net Debt | ||||
| -1.36M | -50.06M | 19.78M | -25.30M | 4.40M |
| Total Liabilities | ||||
| 298.70M | 142.36M | 132.53M | 10.09M | 11.54M |
| Stockholders Equity | ||||
| 92.13M | 96.35M | 71.37M | 65.31M | 22.90M |
| Cash Flow | Free Cash Flow | |||
| -14.51M | -9.68M | -7.75M | -6.45M | -5.47M |
| Operating Cash Flow | ||||
| 6.24M | 15.18M | 9.35M | 3.94M | 2.41M |
| Investing Cash Flow | ||||
| -54.12M | 58.20M | -53.89M | -4.24M | -6.50M |
| Financing Cash Flow | ||||
| 137.85M | -25.36M | 20.91M | 25.76M | 3.95M |
Tenaz Energy Corp Technical Analysis
Negative
11.71
Price Trends
13.63
Negative
13.75
Negative
10.57
Positive
Market Momentum
-0.17
Negative
44.40
Neutral
38.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TNZ, the sentiment is Negative. The current price of 11.71 is below the 20-day moving average (MA) of 12.86, below the 50-day MA of 13.63, and above the 200-day MA of 10.57, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 44.40 is Neutral, neither overbought nor oversold. The STOCH value of 38.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TNZ.
Tenaz Energy Corp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$913.83M | 8.39 | 11.78% | 12.59% | 3.79% | 3.87% | |
78 Outperform | $1.86B | 12.21 | 7.57% | 4.23% | -0.17% | 76.67% | |
72 Outperform | C$5.12B | 10.55 | 11.22% | 1.56% | -8.92% | -5.46% | |
68 Neutral | $2.17B | 9.51 | 5.99% | 4.06% | 22.71% | ― | |
60 Neutral | C$322.89M | 187.11 | -8.18% | ― | -3.79% | -128.77% | |
57 Neutral | $7.70B | 4.18 | -3.52% | 8.32% | 0.35% | -64.68% | |
47 Neutral | $239.98M | ― | -27.57% | 10.05% | 2.24% | -332.95% |
* Energy Sector Average
Performance Comparison
TSE:TNZ
Tenaz Energy Corp
11.71
7.72
193.48%
TSE:BTE
Baytex Energy
2.32
-2.84
-55.06%
TSE:MEG
MEG Energy
19.95
-12.79
-39.07%
TSE:TVE
Tamarack Valley Energy
3.65
-0.34
-8.52%
TSE:PNE
Pine Cliff Energy
0.61
-0.29
-32.15%
TSE:CJ
Cardinal Energy
5.72
-0.64
-10.06%
Tenaz Energy Corp Earnings Call Summary
Earnings Call Date: Mar 13, 2025 | % Change Since: -7.36% | Next Earnings Date: May 28, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of strategic achievements and operational challenges. While there were declines in production and funds flow, the company's share buyback program, strategic acquisition, and strong hedging strategy highlight positive growth and future potential.Highlights
Successful Share Buyback Program
Retired a total of 2 million shares at an average cost of $2.77 since the NCIB began, with 200,000 shares retired in Q1 2024 at $3.67 per share.
Strategic Acquisition of Gas Processing Plant
Acquired a gas processing plant and surrounding oil gas leasehold for $2.8 million, enhancing control over processing capabilities and offering potential for cost reduction and increased uptime.
Production and FFO Growth Since Recapitalization
Production up about 3x and FFO up 8x from Q4 2021 to 2023, with substantially improved balance sheet and increased positive adjusted working capital.
Hedging Strategy for Natural Gas
Hedged significant portions of gas production at strong prices, with 1/5 of production hedged for TTF in Q2 and Q3 2024, and 40% hedged for winter at higher prices.
Lowlights
Decline in Production Volumes
Production volumes decreased to approximately 2,900 boe/d due to natural declines in Canadian wells and planned/unplanned downtime in the Netherlands.
Decrease in Funds Flow from Operations
FFO registered at $7 million in Q1 2024, down from Q4 2023, due to lower production levels and slightly lower benchmark prices, despite hedging offsets.
Company Guidance
In the Q1 2024 earnings call for Tenaz Energy, CEO Anthony Marino reported production volumes of approximately 2,900 boe/d, slightly lower than Q4 2023 due to natural declines and reduced output from Canadian wells. The company recorded a funds flow from operations (FFO) of $7 million, with a free cash flow of $3.2 million after a capital expenditure of $3.8 million. Tenaz maintained a positive adjusted working capital of $49 million, facilitated by their share buyback program, which retired 200,000 shares at an average cost of $3.67 per share. A significant development was the acquisition of a gas processing plant and surrounding leasehold in Leduc-Woodbend for a net cost of $2.8 million, aimed at enhancing processing flexibility and potential third-party partnerships. The plant, with a current capacity of 7.5 million cubic feet per day, holds potential for expansion, which could increase capacity to 12 million cubic feet per day with minimal investment. Marino reaffirmed the 2024 production guidance of 2,700 to 2,900 boe/d and CapEx guidance of CAD 23 million to CAD 25 million, emphasizing ongoing M&A efforts in targeted international regions for higher return opportunities.Tenaz Energy Corp Corporate Events
M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Tenaz Energy Reports Strong Production Growth and Shareholder Returns in 2024
Positive
Mar 13, 2025
Tenaz Energy Corp. reported its 2024 year-end results, highlighting a 10% increase in production volumes compared to 2023, driven by organic growth in Canada. Despite a net loss of $7.7 million due to increased transaction costs and lower natural gas prices, the company achieved a 257% total shareholder return, leading the TSX oil and gas sector. The acquisition of NAM Offshore B.V. and a strong cash position of $180.2 million are expected to bolster future operations.
Stock BuybackBusiness Operations and Strategy
Tenaz Energy Announces Renewal of Share Buyback Program
Positive
Feb 11, 2025
Tenaz Energy Corp has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 2,479,403 of its shares, approximately 9% of its outstanding shares, using current cash-on-hand and future cash flow. The share buyback, which will run from February 14, 2025, to February 13, 2026, is part of Tenaz’s strategy to manage its capital structure and enhance shareholder value, despite certain restrictions imposed by its debt facilities. This move reflects Tenaz’s confidence in its market positioning and future business outlook.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.