Tenaz Energy (TSE:TNZ) Reaches New 52-Week High – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high on Friday . The company traded as high as C$8.64 and last traded at C$8.62, with a volume of 211966 shares changing hands. The stock had previously closed at C$8.07.

Analyst Upgrades and Downgrades

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

Tenaz Energy Trading Up 6.8 %

The firm’s 50-day moving average is C$8.02 and its 200 day moving average is C$5.53. The company has a current ratio of 2.44, a quick ratio of 2.77 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of C$235.50 million, a price-to-earnings ratio of 9.91 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, August 8th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.05). Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. The business had revenue of C$14.01 million for the quarter. On average, equities analysts predict that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal year.

Insider Transactions at Tenaz Energy

In other news, Senior Officer Jenson Jit-Chang Tan purchased 100,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were purchased at an average price of C$6.99 per share, for a total transaction of C$699,000.00. In other news, Senior Officer Jenson Jit-Chang Tan purchased 100,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were purchased at an average price of C$6.99 per share, for a total transaction of C$699,000.00. Also, Director Mark Andrew Rollins purchased 24,500 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was purchased at an average price of C$6.59 per share, for a total transaction of C$161,469.70. Corporate insiders own 8.41% of the company’s stock.

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.