Topaz Energy (TSE:TPZ) Given New C$31.00 Price Target at Jefferies Financial Group

Topaz Energy (TSE:TPZ) had its price target hoisted by Jefferies Financial Group from C$30.00 to C$31.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

A number of other research firms have also commented on TPZ. Scotiabank lifted their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Canaccord Genuity Group lifted their price target on shares of Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. CIBC increased their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Desjardins raised their target price on Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Raymond James set a C$34.00 price target on Topaz Energy and gave the company an “outperform” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$31.38.

Topaz Energy Stock Down 1.6 %

Shares of Topaz Energy stock opened at C$26.59 on Monday. 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 has a 1 year low of C$18.49 and a 1 year high of C$29.51. The stock has a 50-day moving average price of C$27.50 and a 200 day moving average price of C$25.79. The company has a market cap of C$3.85 billion, a P/E ratio of 71.86 and a beta of 0.50.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.96%. Topaz Energy’s dividend payout ratio (DPR) is currently 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.