Topaz Energy Corp. (TSE:TPZ) Receives Average Rating of “Moderate Buy” from Brokerages

Topaz Energy Corp. (TSE:TPZ) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$31.13.

Several research firms have weighed in on TPZ. Raymond James set a C$34.00 price target on shares of Topaz Energy and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. National Bankshares boosted their target price on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised their price target on Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 6th. CIBC boosted their price objective on Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group raised their target price on shares of Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd.

Topaz Energy Stock Performance

Shares of TSE TPZ opened at C$27.84 on Monday. The stock’s 50-day moving average is C$27.24 and its 200 day moving average is C$25.45. The stock has a market cap of C$4.03 billion, a price-to-earnings ratio of 75.24 and a beta of 0.50. Topaz Energy has a 1-year low of C$18.03 and a 1-year high of C$29.51. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52.

Topaz Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.74%. Topaz Energy’s dividend payout ratio is 356.76%.

Topaz Energy Company Profile

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.