Tenaz Energy (TSE:TNZ) Trading Down 2.8% – Should You Sell?

Tenaz Energy Corp. (TSE:TNZ) traded down 2.8% on Tuesday . The stock traded as low as C$23.55 and last traded at C$23.55. 103,319 shares were traded during trading, an increase of 33% from the average session volume of 77,881 shares. The stock had previously closed at C$24.23.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their price objective on Tenaz Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Tenaz Energy has an average rating of “Strong Buy” and a consensus target price of C$25.75.

Tenaz Energy Price Performance

The stock has a market cap of C$669.20 million, a P/E ratio of 3.84 and a beta of 0.66. The company’s 50 day moving average price is C$24.61 and its 200-day moving average price is C$21.23. The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56.

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

About Tenaz Energy

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.