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

Shares of Topaz Energy Corp. (TSE:TPZ) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$31.54.

A number of research analysts recently commented on TPZ shares. ATB Capital cut Topaz Energy from an “overweight” rating to a “neutral” rating and increased their target price for the company from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Scotiabank raised their price objective on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. Raymond James set a C$34.00 target price on Topaz Energy and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. CIBC increased their price target on shares of Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. Finally, Desjardins boosted their price objective on shares of Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd.

Insider Buying and Selling

In related news, Director Stephen Phillip Larke sold 100,000 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of C$26.10, for a total value of C$2,610,000.00. 35.66% of the stock is owned by insiders.

Topaz Energy Price Performance

Shares of TSE:TPZ opened at C$25.33 on Friday. The company’s fifty day moving average price is C$26.67 and its 200-day moving average price is C$26.60. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. The firm has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 59.48 and a beta of 0.50. Topaz Energy has a one year low of C$18.95 and a one year high of C$29.51.

Topaz Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Friday, December 13th. 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.