Topaz Energy Corp. (TSE:TPZ) Announces Quarterly Dividend of $0.33

Topaz Energy Corp. (TSE:TPZ) announced a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.33 per share on Tuesday, December 31st. This represents a $1.32 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Friday, December 13th.

Topaz Energy Stock Performance

Shares of Topaz Energy stock traded up C$0.16 during trading on Wednesday, hitting C$27.81. 7,867 shares of the stock were exchanged, compared to its average volume of 266,583. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. The company has a fifty day moving average price of C$26.32 and a 200-day moving average price of C$24.73. The stock has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 74.73 and a beta of 0.50. Topaz Energy has a 1-year low of C$18.03 and a 1-year high of C$28.04.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. CIBC boosted their price target on Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. National Bankshares boosted their target price on Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Desjardins raised their price target on Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group lifted their price objective on shares of Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. Finally, Scotiabank increased their price objective 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Topaz Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.79.

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.