Tenaz Energy (TSE:TNZ) Insider Adam Iwanicki Purchases 2,000 Shares of Company Stock

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

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 transaction of C$303,225.20.

Tenaz Energy Price Performance

Shares of TSE:TNZ traded down C$0.75 during trading on Monday, hitting C$48.50. 427,978 shares of the company were exchanged, compared to its average volume of 217,221. The business’s 50 day moving average is C$68.10 and its 200-day moving average is C$57.22. The company has a market capitalization of C$1.60 billion, a P/E ratio of 12.97 and a beta of 1.14. The company has a quick ratio of 2.77, a current ratio of 0.89 and a debt-to-equity ratio of 100.16. Tenaz Energy Corp. has a 1-year low of C$22.60 and a 1-year high of C$76.70.

Tenaz Energy (TSE:TNZ) last announced 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 22.09% and a return on equity of 29.50%. The firm had revenue of C$269.01 million during the quarter. Equities analysts forecast that Tenaz Energy Corp. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. National Bank Financial lifted their price target on Tenaz Energy from C$91.00 to C$100.00 and gave the company an “outperform” rating in a research note on Wednesday, September 30th. BMO Capital Markets raised their price objective on shares of Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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’.