Tenaz Energy (TSE:TNZ) Hits New 52-Week High – Should You Buy?

Tenaz Energy Corp. (TSE:TNZ)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$71.90 and last traded at C$71.80, with a volume of 73604 shares changing hands. The stock had previously closed at C$67.70.

Wall Street Analysts Forecast Growth

TNZ has been the subject of several research analyst reports. National Bank Financial upped their price target on shares of Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. BMO Capital Markets increased their target price on shares of Tenaz Energy from C$70.00 to C$75.00 in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$79.00.

Tenaz Energy Price Performance

The stock has a fifty day moving average of C$56.02 and a two-hundred day moving average of C$56.07. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16. The stock has a market capitalization of C$2.43 billion, a price-to-earnings ratio of 19.61 and a beta of 0.68.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%.The company had revenue of C$156.69 million for the quarter. As a group, equities research analysts forecast that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

Tenaz Energy Company Profile

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.