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

Tenaz Energy Corp. (TSE:TNZ)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$69.10 and last traded at C$63.90, with a volume of 84547 shares changing hands. The stock had previously closed at C$67.85.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TNZ. National Bank Financial upped their target price on Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Haywood Securities upped their price objective on shares of Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$68.00.

Tenaz Energy Stock Down 7.1%

The stock has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 6.29 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 business has a fifty day moving average of C$44.24 and a 200 day moving average of C$31.29.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, March 12th. The company reported C$3.66 EPS for the quarter. The company had revenue of C$231.30 million for the quarter. Tenaz Energy had a return on equity of 112.36% and a net margin of 109.18%. As a group, equities analysts predict that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current 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.