Tenaz Energy (TSE:TNZ) Shares Down 0.4% – Time to Sell?

Tenaz Energy Corp. (TSE:TNZ) fell 0.4% during trading on Thursday . The company traded as low as C$48.79 and last traded at C$50.47. 204,062 shares were traded during trading, a decline of 15% from the average session volume of 240,060 shares. The stock had previously closed at C$50.69.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TNZ shares. Canadian Imperial Bank of Commerce set a C$80.00 price target on shares of Tenaz Energy and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Haywood Securities lifted their price objective on shares of Tenaz Energy from C$55.00 to C$70.00 in a report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$72.00.

Tenaz Energy Stock Up 2.0%

The business has a 50 day moving average of C$57.12 and a two-hundred day moving average of C$46.27. The stock has a market capitalization of C$1.69 billion, a PE ratio of 7.65 and a beta of 0.98. The company has a debt-to-equity ratio of 114.55, a quick ratio of 2.77 and a current ratio of 0.69.

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

Insider Activity

In other news, insider Jonathan Balkwill acquired 2,000 shares of Tenaz Energy stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average price of C$50.24 per share, for a total transaction of C$100,480.00. Following the purchase, the insider directly owned 117,795 shares in the company, valued at C$5,918,020.80. The trade was a 1.73% increase in their position. 8.41% of the stock is currently owned by insiders.

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.