Key Points
- Insider buying: Tenaz Energy insider Jonathan Balkwill bought 2,000 shares on May 28 at an average price of C$50.24, totaling C$100,480. His holdings increased to 117,795 shares, a 1.73% position increase.
- Stock and financial snapshot: Tenaz Energy opened at C$49.39, with a market cap of C$1.62 billion and a P/E ratio of 7.34. The company recently reported quarterly EPS of C($3.48) on revenue of C$262.32 million.
- Analyst sentiment remains positive: Several firms raised price targets, including National Bank Financial to C$66, Haywood Securities to C$70, and CIBC to C$80. The stock currently carries a consensus Buy rating with an average target price of C$72.00.
Tenaz Energy Corp. (TSE:TNZ - Get Free Report) insider Jonathan Balkwill purchased 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of C$50.24 per share, for a total transaction 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 position.
Tenaz Energy Price Performance
Shares of TSE:TNZ opened at C$49.39 on Friday. Tenaz Energy Corp. has a twelve month low of C$17.37 and a twelve month high of C$69.10. The company's 50 day moving average is C$60.96 and its 200 day moving average is C$43.48. The company has a current ratio of 0.69, a quick ratio of 2.77 and a debt-to-equity ratio of 114.55. The company has a market cap of C$1.62 billion, a PE ratio of 7.34 and a beta of 0.98.
Tenaz Energy (TSE:TNZ - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported C($3.48) earnings per share for the quarter. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%.The business had revenue of C$262.32 million during the quarter. On average, sell-side analysts forecast that Tenaz Energy Corp. will post 0.3896418 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on TNZ shares. National Bank Financial increased their price target on shares of Tenaz Energy from C$52.00 to C$66.00 and gave the stock an "outperform" rating in a report on Tuesday, February 3rd. Haywood Securities raised their price objective on shares of Tenaz Energy from C$55.00 to C$70.00 in a research note on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce set a C$80.00 target price on shares of Tenaz Energy and gave the company an "outperform" rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$72.00.
Get Our Latest Analysis on TNZ
Tenaz Energy Company Profile
(
Get Free Report)
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.
Further Reading
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