Tenaz Energy (TSE:TNZ) Shares Down 1.6% - Should You Sell?

Tenaz Energy Corp. (TSE:TNZ - Get Free Report)'s share price was down 1.6% on Wednesday . The stock traded as low as C$12.57 and last traded at C$12.62. Approximately 51,544 shares changed hands during trading, a decline of 22% from the average daily volume of 65,678 shares. The stock had previously closed at C$12.82.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TNZ. National Bank Financial upgraded Tenaz Energy to a "strong-buy" rating in a report on Thursday, February 6th. National Bankshares set a C$23.00 target price on Tenaz Energy and gave the stock an "outperform" rating in a report on Friday, February 7th.

Tenaz Energy Stock Down 3.1 %

The firm has a market cap of C$349.85 million, a P/E ratio of 188.52 and a beta of 1.65. The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43. The firm's fifty day moving average is C$13.11 and its 200 day moving average is C$12.78.

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.