Tenaz Energy (TSE:TNZ) Trading Down 0.4% – Should You Sell?

Tenaz Energy Corp. (TSE:TNZ)’s stock price dropped 0.4% during mid-day trading on Thursday . The company traded as low as C$48.79 and last traded at C$50.47. Approximately 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.

Analysts Set New Price Targets

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

Tenaz Energy Stock Down 0.4%

The stock’s fifty day moving average is C$57.30 and its two-hundred day moving average is C$46.23. 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 firm has a market cap of C$1.66 billion, a P/E ratio of 7.50 and a beta of 0.98.

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. Tenaz Energy had a return on equity of 61.60% and a net margin of 52.13%.The firm had revenue of C$262.32 million during the quarter. As a group, research analysts anticipate that Tenaz Energy Corp. will post 0.3896418 earnings per share for the current year.

Insider Buying and Selling at Tenaz Energy

In other news, insider Jonathan Balkwill purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of C$50.24 per share, with a total value of C$100,480.00. Following the completion of 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. Insiders own 8.41% of the company’s stock.

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.