Tenaz Energy (TSE:TNZ) Hits New 1-Year High – Should You Buy?

Shares of Tenaz Energy Corp. (TSE:TNZ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$11.11 and last traded at C$10.70, with a volume of 50226 shares traded. The stock had previously closed at C$10.74.

Analyst Upgrades and Downgrades

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

Tenaz Energy Trading Down 0.2 %

The company has a market cap of C$310.08 million, a P/E ratio of 13.05 and a beta of 1.65. The firm’s 50 day moving average is C$8.62 and its two-hundred day moving average is C$6.23. The company has a quick ratio of 2.77, a current ratio of 2.44 and a debt-to-equity ratio of 0.26.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.05). Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. The company had revenue of C$14.01 million during the quarter. As a group, equities research analysts anticipate that Tenaz Energy Corp. will post 0.3896418 EPS for the current year.

Tenaz Energy Company Profile

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.