Tenaz Energy (TSE:TNZ) Hits New 1-Year High – Here’s Why

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$49.69 and last traded at C$47.59, with a volume of 45303 shares changing hands. The stock had previously closed at C$46.92.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their price objective 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. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$66.00.

Tenaz Energy Price Performance

The company has a current ratio of 1.44, a quick ratio of 2.77 and a debt-to-equity ratio of 60.89. The stock has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 7.79 and a beta of 1.72. The stock has a 50-day moving average price of C$36.05 and a 200 day moving average price of C$28.11.

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.