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

Tenaz Energy Corp. (TSE:TNZ) hit a new 52-week high during trading on Tuesday . The company traded as high as C$36.77 and last traded at C$36.51, with a volume of 53247 shares trading hands. The stock had previously closed at C$35.34.

Analyst Upgrades and Downgrades

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

Tenaz Energy Stock Performance

The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56. The company has a market capitalization of C$1.23 billion, a PE ratio of 6.24 and a beta of 1.25. The company has a 50-day moving average price of C$27.16 and a two-hundred day moving average price of C$24.13.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.75 earnings per share (EPS) for the quarter. The business 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%. Analysts predict that Tenaz Energy Corp. will post 0.3896418 EPS 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.