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

Tenaz Energy Corp. (TSE:TNZ) insider Adam Iwanicki bought 2,000 shares of Tenaz Energy stock in a transaction dated Monday, November 9th. The shares were bought at an average cost of C$50.33 per share, for a total transaction of C$100,660.00. Following the completion of the acquisition, the insider owned 20,391 shares in the company, valued at C$1,026,279.03. This represents a 10.87% increase in their position.

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

• On Thursday, November 5th, Adam Iwanicki sold 5,969 shares of Tenaz Energy stock. The stock was sold at an average price of C$50.80, for a total value of C$303,225.20.

Tenaz Energy Price Performance

TNZ stock traded down C$0.75 during midday trading on Monday, reaching C$48.50. The company had a trading volume of 427,978 shares, compared to its average volume of 217,221. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 12.97 and a beta of 1.14. The stock has a 50 day moving average price of C$68.10 and a 200-day moving average price of C$57.22. Tenaz Energy Corp. has a 1-year low of C$22.60 and a 1-year high of C$76.70. The company has a debt-to-equity ratio of 100.16, a current ratio of 0.89 and a quick ratio of 2.77.

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. 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%. Equities research analysts expect that Tenaz Energy Corp. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TNZ shares. National Bank Financial increased their price target 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 upped their target price 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, Tenaz Energy currently has an average rating of “Buy” and a consensus price target of C$81.25.

About Tenaz Energy

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’.