Tenaz Energy (TSE:TNZ) Insider Purchases C$98,820.00 in Stock

Tenaz Energy Corp. (TSE:TNZ) insider Kyle Preston acquired 2,000 shares of the business’s stock in a transaction on Monday, November 9th. The shares were purchased at an average price of C$49.41 per share, for a total transaction of C$98,820.00. Following the transaction, the insider directly owned 4,000 shares of the company’s stock, valued at approximately C$197,640. The trade was a 100.00% increase in their ownership of the stock.

Tenaz Energy Trading Up 0.8%

Shares of TNZ opened at C$49.24 on Thursday. The company’s fifty day simple moving average is C$67.42 and its 200-day simple moving average is C$57.37. The company has a market cap of C$1.63 billion, a P/E ratio of 13.17 and a beta of 1.14. The company has a current ratio of 0.46, a quick ratio of 2.77 and a debt-to-equity ratio of 166.75. Tenaz Energy Corp. has a twelve month low of C$22.60 and a twelve month high of C$76.70.

Tenaz Energy (TSE:TNZ) last issued its quarterly earnings results on Thursday, November 5th. The company reported C($2.25) EPS for the quarter. Tenaz Energy had a net margin of 1.66% and a return on equity of 2.96%. The firm had revenue of C$269.01 million for the quarter. As a group, analysts expect that Tenaz Energy Corp. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BMO Capital Markets raised 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 upped their price objective on Tenaz Energy from C$91.00 to C$100.00 and gave the company an “outperform” rating in a research report on Wednesday, September 30th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus 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’.