Tenaz Energy (TSE:TNZ) Insider Jonathan Balkwill Acquires 2,000 Shares of Stock

Tenaz Energy Corp. (TSE:TNZ) insider Jonathan Balkwill bought 2,000 shares of Tenaz Energy stock in a transaction on Thursday, May 28th. The stock was purchased at an average price of C$50.24 per share, with a total value of C$100,480.00. Following the completion of the acquisition, the insider directly owned 117,795 shares of the company’s stock, valued at C$5,918,020.80. This represents a 1.73% increase in their position.

Tenaz Energy Stock Performance

Shares of Tenaz Energy stock opened at C$49.39 on Friday. The company has a market capitalization of C$1.62 billion, a PE ratio of 7.34 and a beta of 0.98. The company has a debt-to-equity ratio of 114.55, a quick ratio of 2.77 and a current ratio of 0.69. The company has a 50-day simple moving average of C$60.96 and a two-hundred day simple moving average of C$43.48. Tenaz Energy Corp. has a one year low of C$17.37 and a one year high of C$69.10.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($3.48) EPS for the quarter. The company had revenue of C$262.32 million during the quarter. Tenaz Energy had a net margin of 52.13% and a return on equity of 61.60%. Research analysts expect that Tenaz Energy Corp. will post 0.3896418 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on TNZ. Canadian Imperial Bank of Commerce set a C$80.00 price objective on shares of Tenaz Energy and gave the company an “outperform” rating in a research report on Wednesday, April 8th. National Bank Financial increased their price objective on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Haywood Securities increased their price objective on shares of Tenaz Energy from C$55.00 to C$70.00 in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$72.00.

About Tenaz Energy

Tenaz Energy Corp. (TSX:TNZ) is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands gas assets are located in the Dutch sector of the North Sea.