Tenaz Energy (TSE:TNZ) Shares Down 0.4% – What’s Next?

Tenaz Energy Corp. (TSE:TNZ) shares traded down 0.4% during trading on Tuesday . The stock traded as low as C$13.24 and last traded at C$13.31. 26,987 shares changed hands during trading, a decline of 55% from the average session volume of 59,381 shares. The stock had previously closed at C$13.36.

Analysts Set New Price Targets

Several brokerages have weighed in on TNZ. Haywood Securities upped their price target on Tenaz Energy from C$14.25 to C$17.50 in a report on Wednesday, December 18th. National Bank Financial upgraded shares of Tenaz Energy to a “strong-buy” rating in a research note on Thursday, February 6th. Finally, National Bankshares set a C$23.00 price target on shares of Tenaz Energy and gave the stock an “outperform” rating in a research note on Friday, February 7th.

Tenaz Energy Price Performance

The stock has a fifty day simple moving average of C$13.77 and a 200-day simple moving average of C$12.22. The company has a market capitalization of C$366.93 million, a PE ratio of 197.72 and a beta of 1.65. The company has a current ratio of 1.43, a quick ratio of 2.77 and a debt-to-equity ratio of 10.56.

Tenaz Energy Company Profile

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.