Tenaz Energy (TSE:TNZ) Shares Down 1.6% – Time to Sell?

Tenaz Energy Corp. (TSE:TNZ)’s stock price traded down 1.6% during trading on Monday . The stock traded as low as C$12.73 and last traded at C$12.75. 85,211 shares traded hands during trading, an increase of 41% from the average session volume of 60,616 shares. The stock had previously closed at C$12.96.

Wall Street Analysts Forecast Growth

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

Tenaz Energy Price Performance

The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56. The firm’s 50-day moving average is C$14.06 and its 200-day moving average is C$11.68. The company has a market cap of C$356.85 million, a PE ratio of 192.29 and a beta of 1.65.

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.