Tenaz Energy (TSE:TNZ) Insider Jonathan Balkwill Acquires 2,000 Shares

Tenaz Energy Corp. (TSE:TNZ) insider Jonathan Balkwill bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average cost of C$50.24 per share, with a total value of C$100,480.00. Following the completion of the transaction, the insider owned 117,795 shares in the company, valued at approximately C$5,918,020.80. The trade was a 1.73% increase in their ownership of the stock.

Tenaz Energy Stock Performance

Tenaz Energy stock traded up C$0.65 during midday trading on Thursday, reaching C$49.70. The stock had a trading volume of 148,019 shares, compared to its average volume of 242,593. The company has a quick ratio of 2.77, a current ratio of 0.69 and a debt-to-equity ratio of 114.55. The firm has a market capitalization of C$1.63 billion, a PE ratio of 7.38 and a beta of 0.98. Tenaz Energy Corp. has a 12 month low of C$17.37 and a 12 month high of C$69.10. The firm’s 50-day moving average price is C$61.22 and its 200 day moving average price is C$43.32.

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

Wall Street Analyst Weigh In

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

About Tenaz Energy

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.