Tenaz Energy (TSE:TNZ) Sets New 12-Month High – Here’s Why

Tenaz Energy Corp. (TSE:TNZ)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$36.77 and last traded at C$36.51, with a volume of 53247 shares trading hands. The stock had previously closed at C$35.34.

Wall Street Analyst Weigh In

Separately, National Bankshares increased their price objective on Tenaz Energy from C$34.00 to C$52.00 and gave the company an “outperform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$52.00.

Tenaz Energy Price Performance

The firm has a market capitalization of C$1.19 billion, a PE ratio of 6.06 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. The company has a fifty day moving average price of C$26.41 and a two-hundred day moving average price of C$23.81.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.75 EPS for the quarter. Tenaz Energy had a return on equity of 1.90% and a net margin of 2.83%.The company had revenue of C$93.78 million for the quarter. Sell-side analysts forecast that Tenaz Energy Corp. will post 0.3896418 earnings per share 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.