Tenaz Energy (TSE:TNZ) Reaches New 12-Month High – Should You Buy?

Shares of Tenaz Energy Corp. (TSE:TNZ) reached a new 52-week high during trading on Wednesday . The company traded as high as C$15.26 and last traded at C$15.20, with a volume of 99634 shares changing hands. The stock had previously closed at C$14.41.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Tenaz Energy to a “moderate buy” rating in a report on Monday, September 23rd.

Tenaz Energy Price Performance

The firm has a market cap of C$415.26 million, a P/E ratio of 16.56 and a beta of 1.65. The company has a fifty day moving average price of C$9.57 and a two-hundred day moving average price of C$6.84. The company has a current ratio of 2.44, a quick ratio of 2.77 and a debt-to-equity ratio of 0.26.

Tenaz Energy (TSE:TNZ) last released its earnings results on Thursday, November 7th. The company reported C($0.09) EPS for the quarter. The firm had revenue of C$14.82 million during the quarter. Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. Equities analysts anticipate that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

About Tenaz Energy

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.