Tenaz Energy (TSE:TNZ) Hits New 12-Month High – Here’s What Happened

Tenaz Energy Corp. (TSE:TNZ)’s share price hit a new 52-week high on Thursday . The company traded as high as C$9.18 and last traded at C$9.05, with a volume of 45539 shares trading hands. The stock had previously closed at C$8.82.

Analysts Set New Price Targets

Separately, Cormark upgraded Tenaz Energy to a “moderate buy” rating in a research note on Monday, September 23rd.

Tenaz Energy Stock Performance

The company has a market cap of C$250.80 million, a PE ratio of 10.55 and a beta of 1.65. The firm’s 50 day moving average is C$8.20 and its 200-day moving average is C$5.70. 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, August 8th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.05). Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. The firm had revenue of C$14.01 million for the quarter. On average, research analysts anticipate that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mark Andrew Rollins bought 24,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were acquired at an average cost of C$6.59 per share, for a total transaction of C$161,469.70. In other news, Director Mark Andrew Rollins purchased 24,500 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were acquired at an average price of C$6.59 per share, for a total transaction of C$161,469.70. Also, Senior Officer Jenson Jit-Chang Tan purchased 100,000 shares of Tenaz Energy stock in a transaction that occurred on Monday, July 22nd. The stock was purchased at an average price of C$6.99 per share, with a total value of C$699,000.00. 8.41% of the stock is currently owned by company insiders.

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.