Tenaz Energy (TSE:TNZ) Reaches New 1-Year High - Time to Buy?

Key Points

• Tenaz Energy Corp. reached a new 52-week high at C$22.31, with the last trade at C$21.84 and a trading volume of 18,913 shares on record.
• National Bankshares increased its price target on Tenaz Energy from C$21.00 to C$23.00, contributing to a consensus rating of "Strong Buy" for the stock.
• The company's financial metrics include a market cap of C$614.07 million and a debt-to-equity ratio of 10.56, indicating potential risk in its capital structure.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$22.31 and last traded at C$21.84, with a volume of 18913 shares changing hands. The stock had previously closed at C$22.07.

Analyst Upgrades and Downgrades

Separately, National Bankshares upped their price target on shares of Tenaz Energy from C$21.00 to C$23.00 in a report 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Buy" and an average price target of C$20.25.

Tenaz Energy Stock Down 0.6%

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 has a market cap of C$614.07 million, a PE ratio of 330.89 and a beta of 1.65. The firm's 50 day moving average is C$19.47 and its 200-day moving average is C$16.32.

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.

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