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

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

Tenaz Energy Trading Down 1.5%

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

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings results on Thursday, November 5th. The company reported C($2.25) earnings per share for the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. The company had revenue of C$269.01 million during the quarter. As a group, research analysts forecast that Tenaz Energy Corp. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. National Bank Financial lifted their target price on Tenaz Energy from C$91.00 to C$100.00 and gave the company an “outperform” rating in a report on Wednesday, September 30th. BMO Capital Markets upped 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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’.