Tenaz Energy (TSE:TNZ) Insider Sells C$303,225.20 in Stock

Tenaz Energy Corp. (TSE:TNZ) insider Adam Iwanicki sold 5,969 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider directly owned 18,391 shares of the company’s stock, valued at approximately C$934,262.80. This trade represents a 24.50% decrease in their ownership of the stock.

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

• On Monday, November 9th, Adam Iwanicki purchased 2,000 shares of Tenaz Energy stock. The stock was acquired at an average cost of C$50.33 per share, for a total transaction of C$100,660.00.

Tenaz Energy Trading Up 0.8%

Shares of TNZ stock opened at C$49.24 on Thursday. The firm has a fifty day moving average of C$67.42 and a 200-day moving average of C$57.37. The stock has a market cap of C$1.63 billion, a price-to-earnings ratio of 13.17 and a beta of 1.14. Tenaz Energy Corp. has a 52-week low of C$22.60 and a 52-week high of C$76.70. The company has a debt-to-equity ratio of 166.75, a quick ratio of 2.77 and a current ratio of 0.46.

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 net margin of 1.66% and a return on equity of 2.96%. The business had revenue of C$269.01 million during the quarter. On average, equities research analysts forecast that Tenaz Energy Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TNZ shares. National Bank Financial lifted their target price 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 upped their price objective on Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Tenaz Energy currently has a consensus 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’.