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

Tenaz Energy Corp. (TSE:TNZ) reached a new 52-week high during trading on Monday . The company traded as high as C$58.49 and last traded at C$58.11, with a volume of 130544 shares changing hands. The stock had previously closed at C$55.60.

Analyst Ratings Changes

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

Tenaz Energy Price Performance

The firm has a market cap of C$1.86 billion, a P/E ratio of 9.47 and a beta of 1.65. The company has a debt-to-equity ratio of 77.90, a current ratio of 0.94 and a quick ratio of 2.77. The stock’s 50-day simple moving average is C$40.46 and its two-hundred day simple moving average is C$29.89.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings results on Thursday, March 12th. The company reported C$3.66 EPS for the quarter. The firm had revenue of C$231.30 million during the quarter. Tenaz Energy had a net margin of 109.18% and a return on equity of 112.36%. Equities research analysts forecast that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal year.

About Tenaz Energy

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.