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

Tenaz Energy Corp. (TSE:TNZ) insider Jonathan Balkwill purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was 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 acquisition, the insider directly owned 117,795 shares of the company’s stock, valued at C$5,918,020.80. This represents a 1.73% increase in their ownership of the stock.

Tenaz Energy Stock Performance

Shares of TNZ opened at C$50.51 on Friday. Tenaz Energy Corp. has a 52-week low of C$17.37 and a 52-week high of C$69.10. 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 company has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 7.51 and a beta of 0.98. The stock has a 50 day moving average price of C$60.74 and a 200 day moving average price of C$43.53.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on TNZ. Canadian Imperial Bank of Commerce set a C$80.00 target price on Tenaz Energy and gave the company an “outperform” rating in a report on Wednesday, April 8th. Haywood Securities boosted their target price on Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. Finally, National Bank Financial boosted their target price on Tenaz Energy from C$52.00 to C$66.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$72.00.

Tenaz Energy Company Profile

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.