Tenaz Energy (TSE:TNZ) Sets New 12-Month High - Here's Why

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$18.14 and last traded at C$17.75, with a volume of 98593 shares. The stock had previously closed at C$16.50.

Wall Street Analyst Weigh In

TNZ has been the subject of several recent analyst reports. National Bankshares upped their target price on shares of Tenaz Energy from C$21.00 to C$23.00 in a research note on Thursday, May 1st. National Bank Financial raised shares of Tenaz Energy to a "strong-buy" rating in a report on Thursday, February 6th.

Tenaz Energy Stock Performance

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 company's 50-day moving average is C$14.32 and its two-hundred day moving average is C$13.99. The company has a market capitalization of C$492.60 million, a P/E ratio of 265.44 and a beta of 1.65.

Tenaz Energy Company Profile

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.