Tenaz Energy (TSE:TNZ) Trading Up 6.4% - Here's What Happened

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)'s stock price was up 6.4% on Thursday . The stock traded as high as C$21.50 and last traded at C$21.47. Approximately 98,225 shares were traded during trading, an increase of 45% from the average daily volume of 67,553 shares. The stock had previously closed at C$20.18.

Analyst Upgrades and Downgrades

Separately, National Bankshares raised their price target on Tenaz Energy from C$21.00 to C$23.00 in a report on Thursday, May 1st. One investment 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, the stock presently has an average rating of "Strong Buy" and an average price target of C$20.25.

Tenaz Energy Price Performance

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 fifty day moving average price of C$19.42 and a two-hundred day moving average price of C$16.23. The stock has a market capitalization of C$600.91 million, a P/E ratio of 323.80 and a beta of 1.65.

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.

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