Tenaz Energy (TSE:TNZ) Sets New 12-Month High - Still a 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)'s share price reached 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 traded. The stock had previously closed at C$22.07.

Tenaz Energy Price Performance

The company has a market capitalization of C$659.51 million, a price-to-earnings ratio of 4.40 and a beta of 1.26. The company has a 50-day moving average price of C$19.80 and a 200-day moving average price of C$16.55. The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43.

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.