Tenaz Energy (TSE:TNZ) Upgraded by Cormark to “Moderate Buy”

Cormark upgraded shares of Tenaz Energy (TSE:TNZ) to a moderate buy rating in a report published on Monday, Zacks.com reports.

Tenaz Energy Stock Performance

TSE TNZ opened at C$8.10 on Monday. The stock’s fifty day moving average price is C$7.53 and its 200-day moving average price is C$5.10. The company has a current ratio of 2.44, a quick ratio of 2.77 and a debt-to-equity ratio of 0.26. The stock has a market cap of C$221.29 million, a P/E ratio of 9.31 and a beta of 1.67. Tenaz Energy has a 12 month low of C$3.40 and a 12 month high of C$8.80.

Tenaz Energy (TSE:TNZ) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.05). Tenaz Energy had a net margin of 40.28% and a return on equity of 29.54%. The firm had revenue of C$14.01 million for the quarter. As a group, equities analysts forecast that Tenaz Energy will post 0.3900047 EPS for the current fiscal year.

Insider Activity at Tenaz Energy

In related news, Senior Officer Jenson Jit-Chang Tan purchased 100,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were purchased at an average price of C$6.99 per share, with a total value of C$699,000.00. In other Tenaz Energy news, Director Mark Andrew Rollins acquired 24,500 shares of the stock in a transaction dated Wednesday, July 24th. The shares were purchased at an average price of C$6.59 per share, for a total transaction of C$161,469.70. Also, Senior Officer Jenson Jit-Chang Tan bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average price of C$6.99 per share, with a total value of C$699,000.00. 8.41% of the stock is currently owned by insiders.

Tenaz Energy Company Profile

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.