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

Tenaz Energy Corp. (TSE:TNZ) shares hit a new 52-week high on Wednesday . The stock traded as high as C$9.69 and last traded at C$9.68, with a volume of 35844 shares changing hands. The stock had previously closed at C$9.22.

Wall Street Analysts Forecast Growth

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

Tenaz Energy Price Performance

The business has a 50 day simple moving average of C$8.43 and a two-hundred day simple moving average of C$6.03. The firm has a market capitalization of C$282.49 million, a P/E ratio of 11.17 and a beta of 1.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.77 and a current ratio of 2.44.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, August 8th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.05). The company had revenue of C$14.01 million for the quarter. Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. On average, sell-side analysts expect 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.