Tenaz Energy (TSE:TNZ) Hits New 1-Year High After Analyst Upgrade

Tenaz Energy Corp. (TSE:TNZ) shares hit a new 52-week high during trading 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 traded. The stock had previously closed at C$36.80.

Tenaz Energy Price Performance

The firm has a fifty day moving average price of C$28.36 and a two-hundred day moving average price of C$24.71. The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56. The stock has a market capitalization of C$1.34 billion, a P/E ratio of 6.80 and a beta of 1.72.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.75 EPS for the quarter. The company had revenue of C$93.78 million for the quarter. Tenaz Energy had a net margin of 2.83% and a return on equity of 1.90%. On average, analysts expect that Tenaz Energy Corp. will post 0.3896418 EPS for the current year.

About Tenaz Energy

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.