Tenaz Energy (TSE:TNZ) Stock Price Down 0.4% – Time to Sell?

Tenaz Energy Corp. (TSE:TNZ) shares traded down 0.4% 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.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TNZ shares. Haywood Securities boosted their target price on shares of Tenaz Energy from C$14.25 to C$17.50 in a report on Wednesday, December 18th. National Bankshares set a C$23.00 price objective on Tenaz Energy and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, National Bank Financial raised Tenaz Energy to a “strong-buy” rating in a research note on Thursday, February 6th.

Tenaz Energy Stock Performance

The company has a 50-day moving average of C$13.78 and a 200-day moving average of C$12.19. The company has a market cap of C$372.53 million, a PE ratio of 200.74 and a beta of 1.65. The company has a quick ratio of 2.77, a current ratio of 1.43 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.