Tenaz Energy (TSE:TNZ) Insider Adam Iwanicki Sells 5,969 Shares of Company Stock

Tenaz Energy Corp. (TSE:TNZ) insider Adam Iwanicki sold 5,969 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of C$50.80, for a total value of C$303,225.20. Following the transaction, the insider owned 18,391 shares in the company, valued at approximately C$934,262.80. This trade represents a 24.50% decrease in their position.

Adam Iwanicki also recently made the following trade(s):

• On Monday, November 9th, Adam Iwanicki bought 2,000 shares of Tenaz Energy stock. The shares were bought at an average price of C$50.33 per share, with a total value of C$100,660.00.

Tenaz Energy Trading Down 1.5%

Shares of TNZ stock traded down C$0.75 on Monday, reaching C$48.50. The company had a trading volume of 427,978 shares, compared to its average volume of 217,221. The company has a current ratio of 0.89, a quick ratio of 2.77 and a debt-to-equity ratio of 100.16. The stock has a market cap of C$1.60 billion, a PE ratio of 12.97 and a beta of 1.14. The company has a 50-day moving average of C$68.10 and a 200-day moving average of C$57.22. Tenaz Energy Corp. has a 12 month low of C$22.60 and a 12 month high of C$76.70.

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

Wall Street Analyst Weigh In

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