Tenaz Energy (TSE:TNZ) Shares Up 0.4% – What’s Next?

Tenaz Energy Corp. (TSE:TNZ)’s share price shot up 0.4% during trading on Wednesday . The stock traded as high as C$13.83 and last traded at C$13.81. Approximately 48,348 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 65,462 shares. The stock had previously closed at C$13.76.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Tenaz Energy to a “moderate buy” rating in a research report on Monday, September 23rd.

Tenaz Energy Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.44 and a quick ratio of 2.77. The business’s fifty day moving average price is C$11.63 and its two-hundred day moving average price is C$8.01. The stock has a market capitalization of C$388.76 million, a PE ratio of 16.15 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 net margin of 40.28% and a return on equity of 29.54%. The firm had revenue of C$14.82 million for the quarter. On average, equities research analysts forecast that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal year.

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.