Tenaz Energy (TSE:TNZ) Announces Earnings Results

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

Tenaz Energy Stock Performance

TNZ stock traded down C$0.19 during trading hours on Friday, reaching C$54.18. The stock had a trading volume of 83,154 shares, compared to its average volume of 223,892. The stock has a 50-day simple moving average of C$51.06 and a 200 day simple moving average of C$52.52. Tenaz Energy has a fifty-two week low of C$18.55 and a fifty-two week high of C$69.10. The stock has a market capitalization of C$1.79 billion, a PE ratio of 8.05 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.

Insider Buying and Selling at Tenaz Energy

In other news, insider Jonathan Balkwill bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of C$50.24 per share, with a total value of C$100,480.00. Following the acquisition, the insider owned 117,795 shares in the company, valued at C$5,918,020.80. This trade represents a 1.73% increase in their ownership of the stock. 8.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. National Bank Financial lifted their price objective on shares of Tenaz Energy from C$90.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. BMO Capital Markets increased their target price on shares of Tenaz Energy from C$70.00 to C$75.00 in a report on Friday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$79.00.

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’.