Tenaz Energy (TSE:TNZ) Stock Price Down 0.1% – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ)’s stock price was down 0.1% 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 analysts have issued reports on TNZ shares. Cormark upgraded shares of Tenaz Energy to a “moderate buy” rating in a research report on Monday, September 23rd. Haywood Securities raised their price target on Tenaz Energy from C$14.25 to C$17.50 in a research report on Wednesday, December 18th.

Tenaz Energy Trading Down 0.1 %

The business has a 50-day moving average of C$13.50 and a 200 day moving average of C$9.34. The stock has a market cap of C$380.29 million, a PE ratio of 16.00 and a beta of 1.65. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.77 and a current ratio of 2.44.

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