Tenaz Energy (TSE:TNZ) Trading Up 0.4% – Here’s Why

Tenaz Energy Corp. (TSE:TNZ)’s stock price rose 0.4% during trading on Wednesday . The company traded as high as C$13.83 and last traded at C$13.81. Approximately 48,348 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 65,462 shares. The stock had previously closed at C$13.76.

Analysts Set New Price Targets

Separately, Cormark upgraded Tenaz Energy to a “moderate buy” rating in a research report on Monday, September 23rd.

Tenaz Energy Stock Up 0.4 %

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 company has a market capitalization of C$377.29 million, a PE ratio of 15.87 and a beta of 1.65. The business has a 50-day moving average of C$11.39 and a 200 day moving average of C$7.92.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, November 7th. The company reported C($0.09) EPS for the quarter. Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. The firm had revenue of C$14.82 million during the quarter. Equities research analysts predict that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current 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.