Tenaz Energy (TSE:TNZ) Sets New 12-Month High on Analyst Upgrade

Tenaz Energy Corp. (TSE:TNZ)’s stock price hit a new 52-week high during mid-day trading on Tuesday after National Bankshares raised their price target on the stock from C$52.00 to C$66.00. National Bankshares currently has an outperform rating on the stock. Tenaz Energy traded as high as C$39.64 and last traded at C$39.08, with a volume of 89382 shares trading hands. The stock had previously closed at C$36.80.

Tenaz Energy Trading Up 8.9%

The stock has a 50-day moving average price of C$27.66 and a two-hundred day moving average price of C$24.44. The stock has a market capitalization of C$1.28 billion, a PE ratio of 6.52 and a beta of 1.25. 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 firm had revenue of C$93.78 million during the quarter. Tenaz Energy had a net margin of 2.83% and a return on equity of 1.90%. As a group, equities 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.