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

Tenaz Energy Corp. (TSE:TNZ) insider Kyle Preston purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of C$49.41 per share, with a total value of C$98,820.00. Following the completion of the purchase, the insider owned 4,000 shares of the company’s stock, valued at C$197,640. The trade was a 100.00% increase in their position.

Tenaz Energy Trading Up 0.7%

TNZ stock opened at C$48.85 on Wednesday. Tenaz Energy Corp. has a fifty-two week low of C$22.60 and a fifty-two week high of C$76.70. The firm has a market cap of C$1.62 billion, a PE ratio of 13.06 and a beta of 1.14. The firm has a fifty day moving average price of C$67.78 and a 200 day moving average price of C$57.29. The company has a debt-to-equity ratio of 100.16, a quick ratio of 2.77 and a current ratio of 0.89.

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 29.50% and a net margin of 22.09%. The business had revenue of C$269.01 million during the quarter. Sell-side analysts anticipate that Tenaz Energy Corp. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TNZ has been the topic of several recent research reports. National Bank Financial increased their price target on Tenaz Energy from C$91.00 to C$100.00 and gave the company an “outperform” rating in a report on Wednesday, September 30th. BMO Capital Markets lifted their price objective on shares of Tenaz Energy from C$70.00 to C$75.00 in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Tenaz Energy currently has an average rating of “Buy” and a consensus target price of C$81.25.

Tenaz Energy Company Profile

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’.