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

Shares of Tenaz Energy Corp. (TSE:TNZ) reached a new 52-week high on Monday . The company traded as high as C$42.14 and last traded at C$42.14, with a volume of 41408 shares trading hands. The stock had previously closed at C$40.96.

Wall Street Analyst Weigh In

Separately, National Bank Financial lifted their price target on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$66.00.

Tenaz Energy Price Performance

The firm has a market capitalization of C$1.35 billion, a P/E ratio of 6.88 and a beta of 1.72. The stock’s 50 day simple moving average is C$30.12 and its 200 day simple moving average is C$25.51. The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.75 earnings per share (EPS) for the quarter. The company had revenue of C$93.78 million for the quarter. Tenaz Energy had a return on equity of 1.90% and a net margin of 2.83%. As a group, analysts expect that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal 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.