Tenaz Energy (TSE:TNZ) Hits New 12-Month High – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$9.69 and last traded at C$9.68, with a volume of 35844 shares. The stock had previously closed at C$9.22.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Tenaz Energy to a “moderate buy” rating in a research note on Monday, September 23rd.

Tenaz Energy Stock Performance

The company has a market cap of C$263.09 million, a PE ratio of 10.60 and a beta of 1.65. The firm’s 50 day moving average is C$8.37 and its 200-day moving average is C$5.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.77 and a current ratio of 2.44.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.05). Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. The company had revenue of C$14.01 million for the quarter. On average, research analysts anticipate that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal year.

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.