Tenaz Energy (TSE:TNZ) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Tenaz Energy Corp. (TSE:TNZ)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$57.08 and traded as low as C$47.21. Tenaz Energy shares last traded at C$50.45, with a volume of 1,354,480 shares traded.

Analyst Ratings Changes

TNZ has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective 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 objective on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Tenaz Energy has a consensus rating of “Buy” and a consensus price target of C$81.25.

Tenaz Energy Price Performance

The company has a 50 day simple moving average of C$68.42 and a 200-day simple moving average of C$57.15. The stock has a market cap of C$1.63 billion, a price-to-earnings ratio of 13.17 and a beta of 1.14. The company has a quick ratio of 2.77, a current ratio of 0.89 and a debt-to-equity ratio of 100.16.

Tenaz Energy (TSE:TNZ) last released its earnings results on Thursday, November 5th. The company reported C($2.25) EPS for the quarter. The firm had revenue of C$269.01 million for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. As a group, research analysts anticipate that Tenaz Energy Corp. will post 0.39 EPS for the current fiscal 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’.