Tenaz Energy (TSE:TNZ) Shares Down 2% – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ) shares traded down 2% during trading on Thursday . The stock traded as low as C$13.71 and last traded at C$13.86. 43,799 shares traded hands during trading, a decline of 9% from the average session volume of 48,112 shares. The stock had previously closed at C$14.15.

Analysts Set New Price Targets

Separately, Haywood Securities boosted their price target on shares of Tenaz Energy from C$14.25 to C$17.50 in a research note on Wednesday, December 18th.

Tenaz Energy Price Performance

The stock’s 50 day moving average is C$13.77 and its two-hundred day moving average is C$10.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.44 and a quick ratio of 2.77. The stock has a market capitalization of C$378.66 million, a PE ratio of 15.93 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.09) earnings per share (EPS) for the quarter. The business had revenue of C$14.82 million for the quarter. Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. As a group, sell-side analysts forecast 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.