Tenaz Energy (TSE:TNZ) Reaches New 12-Month High Following Analyst Upgrade

Shares of Tenaz Energy Corp. (TSE:TNZ) hit a new 52-week high on Friday after National Bankshares raised their price target on the stock from C$34.00 to C$52.00. National Bankshares currently has an outperform rating on the stock. Tenaz Energy traded as high as C$27.89 and last traded at C$27.62, with a volume of 167776 shares traded. The stock had previously closed at C$24.21.

Tenaz Energy Price Performance

The firm has a fifty day moving average of C$24.81 and a 200 day moving average of C$22.66. The company has a market capitalization of C$903.04 million, a P/E ratio of 4.60 and a beta of 1.25. The company has a current ratio of 1.43, a quick ratio of 2.77 and a debt-to-equity ratio of 10.56.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, November 6th. The company reported C$0.75 earnings per share (EPS) for the quarter. Tenaz Energy had a net margin of 2.83% and a return on equity of 1.90%. The business had revenue of C$93.78 million for the quarter. On average, equities research analysts anticipate that Tenaz Energy Corp. will post 0.3896418 EPS 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.