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

Tenaz Energy Corp. (TSE:TNZ) insider Jonathan Balkwill acquired 2,000 shares of Tenaz Energy stock in a transaction on Thursday, May 28th. The shares were bought at an average price of C$50.24 per share, for a total transaction of C$100,480.00. Following the purchase, the insider owned 117,795 shares of the company’s stock, valued at C$5,918,020.80. This represents a 1.73% increase in their ownership of the stock.

Tenaz Energy Stock Up 1.3%

Shares of TSE:TNZ traded up C$0.65 during trading on Thursday, hitting C$49.70. The company’s stock had a trading volume of 148,019 shares, compared to its average volume of 242,593. The company has a debt-to-equity ratio of 114.55, a quick ratio of 2.77 and a current ratio of 0.69. Tenaz Energy Corp. has a fifty-two week low of C$17.37 and a fifty-two week high of C$69.10. The stock’s 50-day moving average price is C$61.22 and its two-hundred day moving average price is C$43.32. The company has a market capitalization of C$1.63 billion, a PE ratio of 7.38 and a beta of 0.98.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($3.48) earnings per share for the quarter. The firm had revenue of C$262.32 million during the quarter. Tenaz Energy had a net margin of 52.13% and a return on equity of 61.60%. As a group, sell-side analysts expect that Tenaz Energy Corp. will post 0.3896418 EPS for the current year.

Wall Street Analyst Weigh In

TNZ has been the subject of a number of research analyst reports. Haywood Securities upped their target price on Tenaz Energy from C$55.00 to C$70.00 in a research report on Monday, March 16th. Canadian Imperial Bank of Commerce set a C$80.00 price objective on Tenaz Energy and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Finally, National Bank Financial increased their target price on Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tenaz Energy has an average rating of “Buy” and an average target price of C$72.00.

Tenaz Energy Company Profile

Tenaz Energy Corp. (TSX:TNZ) is a public energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders.Tenaz has domestic operations in Canada along with offshore gas assets in the Netherlands. The domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Netherlands gas assets are located in the Dutch sector of the North Sea.