Tenaz Energy (TSE:TNZ) Hits New 1-Year High – Still a Buy?

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$32.19 and last traded at C$31.72, with a volume of 181682 shares. The stock had previously closed at C$30.90.

Analysts Set New Price Targets

Separately, National Bankshares raised their price target on Tenaz Energy from C$34.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of C$52.00.

Tenaz Energy Price Performance

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 company has a market capitalization of C$1.02 billion, a PE ratio of 5.17 and a beta of 1.25. The company’s 50-day simple moving average is C$25.06 and its 200-day simple moving average is C$22.97.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, November 6th. The company reported C$0.75 earnings per share for the quarter. Tenaz Energy had a net margin of 2.83% and a return on equity of 1.90%. The business had revenue of C$93.78 million during the quarter. As a group, sell-side analysts anticipate that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

Tenaz Energy Company Profile

Tenaz Energy Corp. (TSX:TNZ) is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands gas assets are located in the Dutch sector of the North Sea.