Tenaz Energy (TSE:TNZ) Trading Down 0.4% - Time to Sell?

Tenaz Energy Corp. (TSE:TNZ - Get Free Report)'s stock price fell 0.4% during mid-day trading on Tuesday . The company traded as low as C$13.24 and last traded at C$13.31. 26,987 shares were traded during trading, a decline of 55% from the average session volume of 59,381 shares. The stock had previously closed at C$13.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TNZ shares. National Bank Financial upgraded shares of Tenaz Energy to a "strong-buy" rating in a research report on Thursday, February 6th. Haywood Securities lifted their price objective on Tenaz Energy from C$14.25 to C$17.50 in a research report on Wednesday, December 18th. Finally, National Bankshares set a C$23.00 target price on Tenaz Energy and gave the company an "outperform" rating in a research note on Friday, February 7th.

Tenaz Energy Price Performance

The company's fifty day moving average is C$13.75 and its 200 day moving average is C$12.26. The stock has a market cap of C$362.17 million, a PE ratio of 195.16 and a beta of 1.65. The company has a quick ratio of 2.77, a current ratio of 1.43 and a debt-to-equity ratio of 10.56.

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.