Tenaz Energy (TSE:TNZ) Trading Down 2% - Time to Sell?

Tenaz Energy Corp. (TSE:TNZ - Get Free Report)'s share price traded down 2% on Thursday . The stock traded as low as C$13.71 and last traded at C$13.86. 43,799 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 48,112 shares. The stock had previously closed at C$14.15.

Analyst Ratings Changes

Separately, 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.

Tenaz Energy Trading Down 2.0 %

The company has a market cap of C$378.66 million, a PE ratio of 15.93 and a beta of 1.65. The company's 50 day simple moving average is C$13.75 and its two-hundred day simple moving average is C$10.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.44 and a quick ratio of 2.77.

Tenaz Energy (TSE:TNZ - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.09) earnings per share for the quarter. The company 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%. As a group, sell-side analysts anticipate 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.