Tenaz Energy (TSE:TNZ) Stock Price Down 2% – Here’s Why

Shares of Tenaz Energy Corp. (TSE:TNZ) dropped 2% on Thursday . The company traded as low as C$13.71 and last traded at C$13.86. Approximately 43,799 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 48,112 shares. The stock had previously closed at C$14.15.

Analysts Set New Price Targets

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

Tenaz Energy Stock Down 2.0 %

The company has a current ratio of 2.44, a quick ratio of 2.77 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of C$13.77 and a 200-day moving average price of C$10.36. The stock has a market cap of C$378.66 million, a PE ratio of 15.93 and a beta of 1.65.

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