Tenaz Energy (TSE:TNZ) Hits New 1-Year High – Still a Buy?

Tenaz Energy Corp. (TSE:TNZ)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$49.69 and last traded at C$47.59, with a volume of 45303 shares trading hands. The stock had previously closed at C$46.92.

Analyst Upgrades and Downgrades

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

Tenaz Energy Stock Performance

The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56. The business has a 50 day moving average price of C$35.11 and a 200 day moving average price of C$27.71. The stock has a market cap of C$1.53 billion, a P/E ratio of 7.80 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.