Tenaz Energy (TSE:TNZ) Hits New 52-Week High Following Analyst Upgrade

Tenaz Energy Corp. (TSE:TNZ)’s stock price hit a new 52-week high 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 changing hands. The stock had previously closed at C$36.80.

Tenaz Energy Stock Up 11.0%

The firm has a market capitalization of C$1.31 billion, a PE ratio of 6.65 and a beta of 1.72. The company has a debt-to-equity ratio of 10.56, a current ratio of 1.43 and a quick ratio of 2.77. The company has a 50-day moving average price of C$28.01 and a 200 day moving average price of C$24.59.

Tenaz Energy (TSE:TNZ) last released its earnings results on Thursday, November 6th. The company reported C$0.75 earnings per share (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 during the quarter. 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.