Tenaz Energy (TSE:TNZ) Reaches New 1-Year High – What’s Next?

Tenaz Energy Corp. (TSE:TNZ) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$15.26 and last traded at C$15.20, with a volume of 99634 shares changing hands. The stock had previously closed at C$14.41.

Wall Street Analyst Weigh In

Separately, Cormark upgraded Tenaz Energy to a “moderate buy” rating in a research note on Monday, September 23rd.

Tenaz Energy Price Performance

The firm has a market cap of C$413.90 million, a PE ratio of 17.20 and a beta of 1.65. The company has a quick ratio of 2.77, a current ratio of 2.44 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of C$9.84 and a two-hundred day moving average price of C$6.95.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings results on Thursday, November 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. The company had revenue of C$14.82 million for the quarter. As a group, equities analysts expect that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

About Tenaz Energy

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.