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

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$18.32 and last traded at C$18.28, with a volume of 8780 shares traded. The stock had previously closed at C$18.02.

Analysts Set New Price Targets

A number of analysts have commented on the stock. National Bankshares increased their price target on shares of Tenaz Energy from C$21.00 to C$23.00 in a research note on Thursday, May 1st. National Bank Financial upgraded shares of Tenaz Energy to a "strong-buy" rating in a research note on Thursday, February 6th.

Tenaz Energy Trading Up 2.7%

The stock has a market cap of C$514.43 million, a price-to-earnings ratio of 277.20 and a beta of 1.65. 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 business's 50 day simple moving average is C$14.83 and its 200 day simple moving average is C$14.15.

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.