Tenaz Energy (TSE:TNZ) Stock Price Down 0.8% - Here's What Happened

Tenaz Energy Corp. (TSE:TNZ - Get Free Report)'s stock price traded down 0.8% on Thursday . The company traded as low as C$14.09 and last traded at C$14.21. 49,395 shares were traded during mid-day trading, a decline of 27% from the average session volume of 67,850 shares. The stock had previously closed at C$14.33.

Analysts Set New Price Targets

Several analysts have weighed in on TNZ shares. National Bankshares boosted their price objective on Tenaz Energy from C$21.00 to C$23.00 in a report on Thursday, May 1st. National Bank Financial raised Tenaz Energy to a "strong-buy" rating in a research report on Thursday, February 6th.

Tenaz Energy Trading Up 0.3%

The company has a current ratio of 1.43, a quick ratio of 2.77 and a debt-to-equity ratio of 10.56. The firm has a market capitalization of C$417.87 million, a P/E ratio of 225.17 and a beta of 1.65. The firm has a 50-day moving average of C$13.36 and a two-hundred day moving average of C$13.49.

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.