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

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

Tenaz Energy Stock Down 1.5%

Shares of TSE:TNZ opened at C$48.50 on Tuesday. The stock has a market cap of C$1.60 billion, a P/E ratio of 12.97 and a beta of 1.14. The firm has a fifty day moving average price of C$68.10 and a 200 day moving average price of C$57.22. The company has a debt-to-equity ratio of 100.16, a current ratio of 0.89 and a quick ratio of 2.77. 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 posted its quarterly earnings data on Thursday, November 5th. The company reported C($2.25) EPS for the quarter. The business had revenue of C$269.01 million during the quarter. Tenaz Energy had a net margin of 22.09% and a return on equity of 29.50%. Sell-side analysts predict that Tenaz Energy Corp. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TNZ shares. 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. National Bank Financial raised their target price on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 30th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Tenaz Energy currently has a consensus rating of “Buy” and an average price target 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’.