Tenaz Energy (TSE:TNZ) Stock: Insider Adam Iwanicki Sells 5,969 Shares

Tenaz Energy Corp. (TSE:TNZ) insider Adam Iwanicki sold 5,969 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of C$50.80, for a total value of C$303,225.20. Following the completion of the transaction, the insider directly owned 18,391 shares in the company, valued at approximately C$934,262.80. This represents a 24.50% decrease in their position.

Adam Iwanicki also recently made the following trade(s):

• On Monday, November 9th, Adam Iwanicki bought 2,000 shares of Tenaz Energy stock. The shares were bought at an average price of C$50.33 per share, for a total transaction of C$100,660.00.

Tenaz Energy Price Performance

Shares of TNZ traded down C$0.75 during mid-day trading on Monday, hitting C$48.50. 427,978 shares of the company traded hands, compared to its average volume of 217,221. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16. The stock has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 12.97 and a beta of 1.14. The business has a 50-day moving average of C$68.10 and a 200 day moving average of C$57.22. Tenaz Energy Corp. has a one year low of C$22.60 and a one year high of C$76.70.

Tenaz Energy (TSE:TNZ) last posted its quarterly earnings data on Thursday, November 5th. The company reported C($2.25) earnings per share for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. The company had revenue of C$269.01 million during the quarter. As a group, equities analysts expect that Tenaz Energy Corp. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TNZ. BMO Capital Markets upped their price target on Tenaz Energy from C$70.00 to C$75.00 in a research note on Friday, August 7th. National Bank Financial boosted their price objective on Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$81.25.

Tenaz Energy Company Profile

Tenaz Energy Corp. is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the largest natural gas producer in the Netherlands and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at www.tenazenergy.com. Tenaz’s Common Shares are listed for trading on the Toronto Stock Exchange under the symbol ‘TNZ’.