Tenaz Energy (TSE:TNZ) Hits New 52-Week High – What’s Next?

Shares of Tenaz Energy Corp. (TSE:TNZ) hit a new 52-week high on Monday . The company traded as high as C$53.47 and last traded at C$52.87, with a volume of 167532 shares changing hands. The stock had previously closed at C$49.58.

Analyst Ratings Changes

Separately, National Bank Financial raised their price objective on Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Tenaz Energy currently has an average rating of “Buy” and a consensus target price of C$66.00.

Tenaz Energy Stock Performance

The firm has a market cap of C$1.69 billion, a P/E ratio of 8.57 and a beta of 1.65. The company has a debt-to-equity ratio of 60.89, a quick ratio of 2.77 and a current ratio of 1.44. The company’s 50 day moving average is C$37.54 and its 200 day moving average is C$28.72.

Tenaz Energy Company Profile

Tenaz Energy Corp. (TSX:TNZ) is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands gas assets are located in the Dutch sector of the North Sea.