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

Shares of Topaz Energy Corp. (TSE:TPZ) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$31.54.

Several brokerages have recently weighed in on TPZ. Scotiabank raised their price target on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. CIBC increased their price objective on Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. Finally, Jefferies Financial Group increased their price objective on Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th.

Insiders Place Their Bets

In related news, Senior Officer Cheree Stephenson bought 2,110 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of C$23.68 per share, with a total value of C$49,964.80. Also, Director Stephen Phillip Larke sold 100,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of C$26.10, for a total value of C$2,610,000.00. Corporate insiders own 35.66% of the company’s stock.

Topaz Energy Price Performance

TPZ opened at C$23.55 on Wednesday. The stock has a fifty day simple moving average of C$25.96 and a two-hundred day simple moving average of C$26.52. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45. The company has a market cap of C$3.61 billion, a price-to-earnings ratio of 55.30 and a beta of 0.50. Topaz Energy has a 12-month low of C$21.16 and a 12-month high of C$29.51.

Topaz Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Friday, March 14th. Topaz Energy’s payout ratio is 309.94%.

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.