Tenaz Energy (TSE:TNZ) Reaches New 12-Month High – Still a Buy?

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

Analysts Set New Price Targets

Several analysts have recently commented on TNZ shares. National Bank Financial increased their price objective on 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. Haywood Securities lifted their target price on Tenaz Energy from C$55.00 to C$70.00 in a research report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Tenaz Energy presently has a consensus rating of “Buy” and a consensus target price of C$68.00.

Tenaz Energy Price Performance

The company has a current ratio of 0.94, a quick ratio of 2.77 and a debt-to-equity ratio of 77.90. The business’s fifty day moving average is C$45.59 and its 200 day moving average is C$31.88. The company has a market cap of C$2.07 billion, a P/E ratio of 6.45 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, March 12th. The company reported C$3.66 earnings per share for the quarter. The business had revenue of C$231.30 million during the quarter. Tenaz Energy had a return on equity of 112.36% and a net margin of 109.18%. As a group, sell-side analysts anticipate that Tenaz Energy Corp. will post 0.3896418 EPS for the current year.

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.