Insider Buying: Tenaz Energy (TSE:TNZ) Insider Acquires C$100,660.00 in 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 stock was purchased at an average price of C$50.33 per share, for a total transaction of C$100,660.00. Following the completion of the purchase, the insider directly owned 20,391 shares in the company, valued at C$1,026,279.03. This trade represents a 10.87% increase in their position.

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

• On Thursday, November 5th, Adam Iwanicki sold 5,969 shares of Tenaz Energy stock. The shares were 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 opened at C$49.24 on Thursday. The company has a quick ratio of 2.77, a current ratio of 0.46 and a debt-to-equity ratio of 166.75. The firm has a market capitalization of C$1.63 billion, a PE ratio of 13.17 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 company has a 50-day moving average price of C$67.42 and a two-hundred day moving average price of C$57.37.

Tenaz Energy (TSE:TNZ) last posted its earnings results on Thursday, November 5th. The company reported C($2.25) earnings per share for the quarter. Tenaz Energy had a return on equity of 2.96% and a net margin of 1.66%. The business had revenue of C$269.01 million during the quarter. Equities analysts forecast that Tenaz Energy Corp. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on TNZ. National Bank Financial lifted their price objective on shares of 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 boosted their target price 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, the company has a consensus rating of “Buy” and an average 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’.