Tenaz Energy (TSE:TNZ) Sets New 1-Year High – Still a Buy?

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.69 and last traded at C$12.62, with a volume of 143782 shares traded. The stock had previously closed at C$13.06.

Wall Street Analyst Weigh In

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

Tenaz Energy Trading Down 0.6 %

The firm has a 50-day moving average of C$8.95 and a 200-day moving average of C$6.49. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.77 and a current ratio of 2.44. The firm has a market capitalization of C$346.42 million, a P/E ratio of 14.57 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings data on Thursday, November 7th. The company reported C($0.09) earnings per share for the quarter. The business had revenue of C$14.82 million during the quarter. Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. On average, equities research analysts anticipate that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal 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.