Tenaz Energy (TSE:TNZ) Reaches New 52-Week High – Time to Buy?

Shares of Tenaz Energy Corp. (TSE:TNZ) reached a new 52-week high on Monday . The company traded as high as C$27.84 and last traded at C$27.84, with a volume of 61242 shares. The stock had previously closed at C$26.76.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their target price on shares of Tenaz Energy from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$25.75.

Tenaz Energy Stock Performance

The company has a market cap of C$805.52 million, a PE ratio of 5.22 and a beta of 0.73. The stock has a 50 day simple moving average of C$23.45 and a two-hundred day simple moving average of C$19.90. The company has a debt-to-equity ratio of 10.56, a current ratio of 1.43 and a quick ratio of 2.77.

Tenaz Energy Company Profile

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.