Tenaz Energy (TSE:TNZ) Sets New 1-Year High – Time to Buy?

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$76.00 and last traded at C$73.08, with a volume of 230794 shares changing hands. The stock had previously closed at C$73.94.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TNZ shares. BMO Capital Markets boosted their target price on shares of Tenaz Energy from C$70.00 to C$75.00 in a research note on Friday, August 7th. National Bank Financial raised their price target on shares of Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tenaz Energy currently has a consensus rating of “Buy” and a consensus price target of C$79.00.

Tenaz Energy Stock Performance

The firm’s 50 day moving average price is C$59.24 and its two-hundred day moving average price is C$57.23. The company has a debt-to-equity ratio of 100.16, a quick ratio of 2.77 and a current ratio of 0.89. The firm has a market cap of C$2.37 billion, a PE ratio of 19.15 and a beta of 0.68.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. The firm had revenue of C$156.69 million for the quarter. On average, research analysts forecast that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

About Tenaz Energy

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.