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

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high on Wednesday . The stock traded as high as C$71.90 and last traded at C$71.80, with a volume of 73604 shares. The stock had previously closed at C$67.70.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TNZ. National Bank Financial lifted their price objective on shares of Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. BMO Capital Markets raised their price target on shares of Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$79.00.

Tenaz Energy Trading Up 0.8%

The company has a debt-to-equity ratio of 100.16, a quick ratio of 2.77 and a current ratio of 0.89. The firm has a 50 day simple moving average of C$57.09 and a two-hundred day simple moving average of C$56.45. The firm has a market capitalization of C$2.43 billion, a P/E ratio of 19.59 and a beta of 0.68.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. The company had revenue of C$156.69 million during the quarter. Equities research analysts forecast that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

Tenaz Energy Company Profile

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.