Tenaz Energy (TSE:TNZ) Trading Down 2% – Here’s Why

Tenaz Energy Corp. (TSE:TNZ) shares fell 2% on Thursday . The company traded as low as C$13.71 and last traded at C$13.86. 43,799 shares traded hands during trading, a decline of 9% from the average session volume of 48,112 shares. The stock had previously closed at C$14.15.

Analyst Upgrades and Downgrades

Separately, Haywood Securities increased their price objective on Tenaz Energy from C$14.25 to C$17.50 in a report on Wednesday, December 18th.

Tenaz Energy Stock Up 0.2 %

The stock’s 50-day simple moving average is C$13.72 and its 200 day simple moving average is C$10.46. The company has a quick ratio of 2.77, a current ratio of 2.44 and a debt-to-equity ratio of 0.26. The firm has a market cap of C$379.47 million, a P/E ratio of 15.97 and a beta of 1.65.

Tenaz Energy (TSE:TNZ) last announced its earnings results on Thursday, November 7th. The company reported C($0.09) EPS for the quarter. Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. The business had revenue of C$14.82 million for the quarter. As a group, 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.