Tenaz Energy (TSE:TNZ) Reaches New 1-Year High - Here's What Happened

Key Points

• Tenaz Energy Corp. reached a new 52-week high, trading at C$21.14 and last at C$21.05 with over 92,000 shares traded.
• National Bankshares has raised its price target for Tenaz Energy from C$21.00 to C$23.00, indicating potential for further growth.
• The company has a market cap of C$596.99 million and displays robust financial metrics, including a quick ratio of 2.77 and a P/E ratio of 321.69.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$21.14 and last traded at C$21.05, with a volume of 92638 shares trading hands. The stock had previously closed at C$19.27.

Analysts Set New Price Targets

Separately, National Bankshares upped their price objective on shares of Tenaz Energy from C$21.00 to C$23.00 in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat.com, Tenaz Energy has an average rating of "Strong Buy" and an average target price of C$20.25.

Tenaz Energy Price 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 firm's 50-day moving average is C$19.47 and its 200-day moving average is C$16.31. The company has a market cap of C$617.70 million, a PE ratio of 332.85 and a beta of 1.65.

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.