Tenaz Energy (TSE:TNZ) Stock Price Down 0.1% – Should You Sell?

Tenaz Energy Corp. (TSE:TNZ) was down 0.1% during mid-day trading on Wednesday . The stock traded as low as C$13.71 and last traded at C$13.92. Approximately 50,579 shares were traded during trading, an increase of 7% from the average daily volume of 47,389 shares. The stock had previously closed at C$13.94.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Haywood Securities raised their price objective on shares of Tenaz Energy from C$14.25 to C$17.50 in a research report on Wednesday, December 18th. Cormark raised Tenaz Energy to a “moderate buy” rating in a report on Monday, September 23rd.

Tenaz Energy Stock Down 0.1 %

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 company has a market capitalization of C$380.29 million, a PE ratio of 16.00 and a beta of 1.65. The firm’s 50-day simple moving average is C$13.50 and its 200 day simple moving average is C$9.34.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings data 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 company had revenue of C$14.82 million for the quarter. As a group, equities research analysts forecast 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.