Tenaz Energy (TSE:TNZ) Reaches New 1-Year High – Still a Buy?

Tenaz Energy Corp. (TSE:TNZ) reached a new 52-week high on Thursday. The stock traded as high as C$76.20 and last traded at C$76.37, with a volume of 20,819 shares trading hands. The stock had previously closed at C$75.89.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TNZ shares. BMO Capital Markets increased their price objective on shares of Tenaz Energy from C$70.00 to C$75.00 in a research note on Friday, August 7th. National Bank Financial increased their price objective on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, Tenaz Energy currently has a consensus rating of “Buy” and a consensus price target of C$81.25.

Tenaz Energy Stock Up 0.4%

The company has a market capitalization of C$2.52 billion, a PE ratio of 20.38 and a beta of 0.95. The business’s 50-day simple moving average is C$67.98 and its 200-day simple moving average is C$56.02. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings results on Thursday, August 6th. The company reported C$2.58 EPS for the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. The company had revenue of C$156.69 million for the quarter. As a group, equities research analysts anticipate that Tenaz Energy Corp. will post 0.39 EPS for the current fiscal year.

About Tenaz Energy

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’.