Tenaz Energy (TSE:TNZ) Reaches New 52-Week High – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ) shares reached a new 52-week high on Tuesday . The stock traded as high as C$11.11 and last traded at C$10.70, with a volume of 50226 shares. The stock had previously closed at C$10.74.

Analyst Ratings Changes

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

Tenaz Energy Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.77 and a current ratio of 2.44. The business has a 50 day simple moving average of C$8.62 and a 200-day simple moving average of C$6.23. The firm has a market cap of C$310.08 million, a price-to-earnings ratio of 13.05 and a beta of 1.65.

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

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.