Tenaz Energy (TSE:TNZ) Hits New 12-Month High – What’s Next?

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$71.90 and last traded at C$71.80, with a volume of 73604 shares trading hands. The stock had previously closed at C$67.70.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TNZ shares. BMO Capital Markets upped their price objective on Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. National Bank Financial upped their price target on shares of Tenaz Energy from C$90.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$79.00.

Tenaz Energy Price Performance

The stock has a market capitalization of C$2.43 billion, a PE ratio of 19.61 and a beta of 0.68. The company’s 50 day simple moving average is C$56.02 and its 200 day simple moving average is C$56.07. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 earnings per share (EPS) for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%.The firm had revenue of C$156.69 million for the quarter. On average, equities analysts anticipate that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

About Tenaz Energy

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.