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

Tenaz Energy Corp. (TSE:TNZ) insider Adam Iwanicki sold 5,969 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of C$50.80, for a total transaction of C$303,225.20. Following the completion of the sale, the insider owned 18,391 shares of the company’s stock, valued at approximately C$934,262.80. The trade was a 24.50% decrease in their position.

Adam Iwanicki also recently made the following trade(s):

• On Monday, November 9th, Adam Iwanicki bought 2,000 shares of Tenaz Energy stock. The shares were purchased at an average cost of C$50.33 per share, for a total transaction of C$100,660.00.

Tenaz Energy Trading Down 1.5%

Shares of TNZ opened at C$48.50 on Tuesday. The stock’s 50-day moving average price is C$68.10 and its 200 day moving average price is C$57.22. The company has a quick ratio of 2.77, a current ratio of 0.89 and a debt-to-equity ratio of 100.16. The firm has a market capitalization of C$1.60 billion, a price-to-earnings ratio of 12.97 and a beta of 1.14. Tenaz Energy Corp. has a 12-month low of C$22.60 and a 12-month high of C$76.70.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets boosted their price target on Tenaz Energy from C$70.00 to C$75.00 in a research note on Friday, August 7th. National Bank Financial increased their price target on shares of Tenaz Energy from C$91.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$81.25.

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’.