Tenaz Energy (TSE:TNZ) Posts Quarterly Earnings Results

Tenaz Energy (TSE:TNZ) issued its quarterly earnings results on Thursday. The company reported C$2.58 EPS for the quarter, FiscalAI reports. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%.The firm had revenue of C$156.69 million during the quarter.

Tenaz Energy Trading Up 2.3%

Shares of TSE TNZ traded up C$1.24 during mid-day trading on Thursday, hitting C$54.37. 224,134 shares of the company traded hands, compared to its average volume of 224,830. The company has a quick ratio of 2.77, a current ratio of 0.69 and a debt-to-equity ratio of 114.55. Tenaz Energy has a 1 year low of C$18.55 and a 1 year high of C$69.10. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 8.08 and a beta of 0.89. The business has a 50 day moving average of C$50.88 and a two-hundred day moving average of C$52.36.

Insider Transactions at Tenaz Energy

In related news, insider Jonathan Balkwill acquired 2,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of C$50.24 per share, for a total transaction of C$100,480.00. Following the acquisition, the insider owned 117,795 shares in the company, valued at approximately C$5,918,020.80. This represents a 1.73% increase in their ownership of the stock. Insiders own 8.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TNZ. Canadian Imperial Bank of Commerce set a C$80.00 price objective on shares of Tenaz Energy and gave the company an “outperform” rating in a research report on Wednesday, April 8th. BMO Capital Markets set a C$70.00 price objective on Tenaz Energy and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, National Bank Financial upped their price objective on Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$77.75.

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’.