Tenaz Energy (TSE:TNZ) Issues Earnings Results

Tenaz Energy (TSE:TNZ) posted its quarterly earnings results on Thursday. The company reported C$2.58 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$156.69 million for the quarter. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%.

Tenaz Energy Trading Up 2.3%

TNZ opened at C$54.37 on Friday. Tenaz Energy has a fifty-two week low of C$18.55 and a fifty-two week high of C$69.10. The firm has a market capitalization of C$1.78 billion, a PE ratio of 8.08 and a beta of 0.89. The company has a debt-to-equity ratio of 114.55, a current ratio of 0.69 and a quick ratio of 2.77. The company’s 50-day moving average is C$50.98 and its 200 day moving average is C$52.50.

Insider Transactions at Tenaz Energy

In related news, insider Jonathan Balkwill purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was acquired 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 approximately C$5,918,020.80. This trade represents a 1.73% increase in their ownership of the stock. Company insiders own 8.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TNZ shares. BMO Capital Markets set a C$70.00 price objective on Tenaz Energy and gave the company an “outperform” rating in a report on Thursday, July 30th. National Bank Financial increased their target price on Tenaz Energy from C$90.00 to C$91.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Tenaz Energy currently has a consensus rating of “Buy” and a consensus price target of C$77.75.

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’.