Tenaz Energy (TSE:TNZ) Trading Up 6.4% - What's Next?

Key Points

• Tenaz Energy Corp.'s stock price rose by 6.4% on Thursday, reaching a high of C$21.50 and closing at C$21.47, with trading volume increasing by 45% compared to its average.
• National Bankshares upgraded the price target for Tenaz Energy from C$21.00 to C$23.00, and the stock currently has an average rating of "Strong Buy" from analysts.
• The company, which focuses on acquiring and developing oil and gas assets in Canada and the Netherlands, reported a market capitalization of C$600.91 million and a P/E ratio of 323.80.

Tenaz Energy Corp. (TSE:TNZ - Get Free Report) shot up 6.4% on Thursday . The stock traded as high as C$21.50 and last traded at C$21.47. 98,225 shares changed hands during trading, an increase of 45% from the average session volume of 67,553 shares. The stock had previously closed at C$20.18.

Analyst Upgrades and Downgrades

Separately, National Bankshares increased their price objective on Tenaz Energy from C$21.00 to C$23.00 in a report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Tenaz Energy presently has a consensus rating of "Strong Buy" and an average price target of C$20.25.

Tenaz Energy Trading Up 2.9%

The firm has a market capitalization of C$635.90 million, a P/E ratio of 342.66 and a beta of 1.65. The firm has a fifty day simple moving average of C$19.64 and a two-hundred day simple moving average of C$16.45. The company has a debt-to-equity ratio of 10.56, a current ratio of 1.43 and a quick ratio of 2.77.

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.