Tenaz Energy reported a quarterly loss when analysts expected a profit, ending a run of three earnings beats in its last four comparable quarters.
Tenaz Energy Corp. (TSX: TNZ) reported earnings per share (EPS) of -C$2.24 for the quarter ended September 30, 2026. Analysts had estimated C$0.81, making the result a -376.5% surprise. The company beat estimates in three of the last four comparable quarters. The figures provided don’t include revenue or margin details, so they don’t show what caused the miss. Visit the TNZ stock page for company and market updates.
Recent earnings trend
Tenaz Energy Corp.
TNZ.TO
TNZ.TO
Tenaz Energy Corp.
WealthAwesomeMarket cap
$1.63B
P/E
69.4x
52W high
$76.70
52W low
$22.60
1W change
-35.33%
Beta
1.02
Analyst Price Targets
Based on analyst covering TNZ · as of Nov 2, 2026
Wall Street analysts forecast TNZ stock price to rise 80.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$88.75
+80.2% Upside
Previously C$87.50 on Oct 29, 2026
Current Price
C$49.25
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TNZ's historical volatility
30-Day Vol
82.0%
Annualized
90-Day Vol
61.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$41.20
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$46.40 | C$34.97 – C$61.58 |
| 60 trading days | C$43.72 | C$29.31 – C$65.23 |
| 90 trading days | C$41.20 | C$25.24 – C$67.25 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-10 | — | 0.6700 | — |
| 2026-09-30 | 2026-11-11 | -2.2400 | 0.8100 | -376.5% |
| 2026-06-30 | 2026-08-05 | 2.5757 | — | — |
| 2026-03-31 | 2026-05-13 | -3.4823 | — | — |
| 2025-12-31 | 2026-03-12 | 3.3200 | -0.0200 | +16700.0% |
| 2025-09-30 | 2025-11-05 | 0.7500 | 0.1000 | +650.0% |
Investor takeaway: The earnings miss was substantial, but the available data doesn’t explain why. TNZ shares have also been weak: the stock closed at C$49.25, down 35.3% in one week and 26.5% in one month. It’s below both its 50-day and 200-day moving averages. These price moves provide context, but they don’t show that the earnings report caused the decline. Without quarterly revenue, margin figures or management commentary, investors should avoid drawing conclusions about the company’s operations from EPS alone.
C$2.24 loss per share
Tenaz reported EPS of -C$2.24, compared with an estimate of C$0.81. That -376.5% surprise breaks from the company’s recent record of beating estimates in three of its last four comparable quarters. The figures provided don’t explain what drove the loss.
Bull case
Tenaz beat estimates in three of its last four comparable quarters. In one of them, it reported EPS of C$0.75, compared with C$0.10 a year earlier. The company operates in the Dutch North Sea natural gas market as well as in Canada, giving investors exposure to energy markets beyond Canada. The average analyst price target of C$88.75 is well above the latest supplied share price, but it isn’t a guarantee. The available information doesn’t include the assumptions behind that target.
Bear case
Tenaz’s latest EPS fell well short of the C$0.81 estimate. The supplied figures also show a 1.67% profit margin and a P/E ratio of about 69.4. The share price is below its recent moving averages, and the Wealth Awesome statistical model’s 90-day average is below the current price. Without quarterly revenue, margin, cash-flow or balance-sheet details, investors can’t tell whether the loss came from a temporary item or reflects ongoing pressure on earnings.
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