Tenaz Energy (TSE:TNZ) Shares Down 1% – What’s Next?

Shares of Tenaz Energy Corp. (TSE:TNZ) dropped 1% during trading on Tuesday . The company traded as low as C$26.10 and last traded at C$26.26. Approximately 86,328 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 76,833 shares. The stock had previously closed at C$26.52.

Analysts Set New Price Targets

Separately, National Bankshares lifted their price objective on Tenaz Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, Tenaz Energy currently has an average rating of “Strong Buy” and a consensus target price of C$25.75.

Tenaz Energy Price Performance

The company has a market capitalization of C$744.89 million, a price-to-earnings ratio of 4.96 and a beta of 0.73. The company has a 50-day moving average price of C$23.14 and a 200-day moving average price of C$19.55. The company has a debt-to-equity ratio of 10.56, a quick ratio of 2.77 and a current ratio of 1.43.

About Tenaz Energy

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.