Tenaz Energy (TSE:TNZ) Reaches New 52-Week High – Time to Buy?

Tenaz Energy Corp. (TSE:TNZ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$44.32 and last traded at C$43.90, with a volume of 26199 shares trading hands. The stock had previously closed at C$42.58.

Wall Street Analysts Forecast Growth

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

Tenaz Energy Stock Down 2.2%

The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43. The firm has a fifty day simple moving average of C$32.90 and a 200-day simple moving average of C$26.66. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of 7.40 and a beta of 1.72.

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.