Tenaz Energy (TSE:TNZ) Stock: Insider Adam Iwanicki Sells 5,969 Shares

Tenaz Energy Corp. (TSE:TNZ) insider Adam Iwanicki sold 5,969 shares of Tenaz Energy stock in a transaction dated 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 sale, the insider directly owned 18,391 shares in the company, 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 purchased at an average cost of C$50.33 per share, with a total value of C$100,660.00.

Tenaz Energy Trading Up 0.7%

Tenaz Energy stock opened at C$48.85 on Wednesday. The business has a 50 day moving average price of C$67.78 and a two-hundred day moving average price of C$57.29. The company has a quick ratio of 2.77, a current ratio of 0.89 and a debt-to-equity ratio of 100.16. Tenaz Energy Corp. has a 12 month low of C$22.60 and a 12 month high of C$76.70. The stock has a market cap of C$1.62 billion, a price-to-earnings ratio of 13.06 and a beta of 1.14.

Tenaz Energy (TSE:TNZ) last announced its quarterly earnings data on Thursday, November 5th. The company reported C($2.25) earnings per share for the quarter. The firm had revenue of C$269.01 million for the quarter. Tenaz Energy had a return on equity of 29.50% and a net margin of 22.09%. As a group, equities analysts forecast that Tenaz Energy Corp. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TNZ shares. BMO Capital Markets boosted their price target on shares of Tenaz Energy from C$70.00 to C$75.00 in a report on Friday, August 7th. National Bank Financial increased 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. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Tenaz Energy has a consensus rating of “Buy” and an average 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’.