Tenaz Energy (TSE:TNZ) Insider Acquires C$100,480.00 in Stock

Tenaz Energy Corp. (TSE:TNZ) insider Jonathan Balkwill bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of C$50.24 per share, for a total transaction of C$100,480.00. Following 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

TNZ opened at C$50.51 on Friday. Tenaz Energy Corp. has a 52-week low of C$17.37 and a 52-week high of C$69.10. The firm has a market capitalization of C$1.66 billion, a PE ratio of 7.51 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 business’s 50-day simple moving average is C$60.74 and its 200 day simple moving average is C$43.53.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings data on Thursday, May 7th. The company reported C($3.48) earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts expect that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Tenaz Energy Company Profile

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.