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

Tenaz Energy Corp. (TSE:TNZ)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$35.68 and last traded at C$35.22, with a volume of 235973 shares changing hands. The stock had previously closed at C$34.76.

Analyst Upgrades and Downgrades

Separately, National Bankshares lifted their target price on shares of Tenaz Energy from C$34.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Tenaz Energy currently has a consensus rating of “Strong Buy” and a consensus price target of C$52.00.

Tenaz Energy Stock Down 0.3%

The company’s 50-day moving average price is C$26.03 and its 200 day moving average price is C$23.55. The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43. The stock has a market cap of C$1.10 billion, a PE ratio of 5.59 and a beta of 1.25.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, November 6th. The company reported C$0.75 earnings per share (EPS) for the quarter. Tenaz Energy had a net margin of 2.83% and a return on equity of 1.90%. The company had revenue of C$93.78 million during the quarter. As a group, analysts forecast that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal 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.