Tenaz Energy (TSE:TNZ) Sets New 52-Week High – Time to Buy?

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high on Wednesday . The company traded as high as C$35.68 and last traded at C$35.22, with a volume of 235973 shares traded. The stock had previously closed at C$34.76.

Analyst Ratings Changes

Separately, National Bankshares boosted their target price on Tenaz Energy from C$34.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average target price of C$52.00.

Tenaz Energy Stock Performance

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 firm has a market capitalization of C$1.13 billion, a PE ratio of 5.74 and a beta of 1.25. The stock’s 50 day moving average price is C$25.70 and its two-hundred day moving average price is C$23.39.

Tenaz Energy (TSE:TNZ) last announced its 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 firm had revenue of C$93.78 million for the quarter. On average, equities analysts expect 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.