Topaz Energy Corp. (TSE:TPZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Topaz Energy Corp. (TSE:TPZ) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$31.54.

Several equities research analysts recently commented on TPZ shares. National Bankshares boosted their price objective on shares of Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Desjardins increased their price objective on Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on shares of Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. TD Securities raised their price target on shares of Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, ATB Capital lowered shares of Topaz Energy from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd.

Topaz Energy Trading Up 0.7 %

Shares of TPZ stock opened at C$27.32 on Tuesday. The business’s fifty day moving average price is C$27.56 and its 200 day moving average price is C$26.50. The firm has a market capitalization of C$3.96 billion, a PE ratio of 73.84 and a beta of 0.50. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. Topaz Energy has a 1-year low of C$18.59 and a 1-year high of C$29.51.

Topaz Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.83%. 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.