Tenaz Energy (TSE:TNZ) Upgraded at Cormark

Tenaz Energy (TSE:TNZ) was upgraded by equities researchers at Cormark to a “moderate buy” rating in a research note issued on Monday, Zacks.com reports.

Tenaz Energy Stock Performance

TSE:TNZ opened at C$8.10 on Monday. Tenaz Energy has a 12-month low of C$3.40 and a 12-month high of C$8.80. The company has a quick ratio of 2.77, a current ratio of 2.44 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of C$221.29 million, a PE ratio of 9.31 and a beta of 1.67. The firm has a 50-day moving average price of C$7.53 and a 200 day moving average price of C$5.10.

Tenaz Energy (TSE:TNZ) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.05). The business had revenue of C$14.01 million during the quarter. Tenaz Energy had a return on equity of 29.54% and a net margin of 40.28%. Research analysts anticipate that Tenaz Energy will post 0.3900047 earnings per share for the current fiscal year.

Insider Transactions at Tenaz Energy

In other news, Senior Officer Jenson Jit-Chang Tan acquired 100,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was bought at an average price of C$6.99 per share, with a total value of C$699,000.00. In other news, Senior Officer Jenson Jit-Chang Tan acquired 100,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was bought at an average price of C$6.99 per share, with a total value of C$699,000.00. Also, Director Mark Andrew Rollins acquired 24,500 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were purchased at an average cost of C$6.59 per share, with a total value of C$161,469.70. Company insiders own 8.41% of the company’s stock.

About Tenaz Energy

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.