Tenaz Energy (TSE:TNZ) Insider Buys 2,000 Shares of Company Stock

Tenaz Energy Corp. (TSE:TNZ) insider Kyle Preston acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average price of C$49.41 per share, with a total value of C$98,820.00. Following the transaction, the insider owned 4,000 shares in the company, valued at C$197,640. This represents a 100.00% increase in their position.

Tenaz Energy Price Performance

TNZ stock traded down C$0.75 during trading on Monday, hitting C$48.50. The stock had a trading volume of 427,978 shares, compared to its average volume of 217,221. The stock has a market cap of C$1.60 billion, a price-to-earnings ratio of 12.97 and a beta of 1.14. The company has a debt-to-equity ratio of 100.16, a quick ratio of 2.77 and a current ratio of 0.89. The company’s 50 day moving average price is C$68.10 and its two-hundred day moving average price is C$57.22. Tenaz Energy Corp. has a 1-year low of C$22.60 and a 1-year high of C$76.70.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings results on Thursday, November 5th. The company reported C($2.25) earnings per share (EPS) for the quarter. The firm had revenue of C$269.01 million for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. On average, sell-side analysts forecast that Tenaz Energy Corp. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on TNZ shares. National Bank Financial raised their target price on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. BMO Capital Markets increased their price target on Tenaz Energy from C$70.00 to C$75.00 in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Tenaz Energy has an average rating of “Buy” and an average target price 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’.