Topaz Energy Corp. (TSE:TPZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com 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 target among analysts that have issued a report on the stock in the last year is C$31.54.

Several equities analysts have recently commented on TPZ shares. Scotiabank boosted their price objective on Topaz Energy from C$35.00 to C$36.00 in a research report on Friday, January 17th. Raymond James set a C$34.00 price objective on Topaz Energy and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 6th. CIBC lifted their target price on Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. Finally, Jefferies Financial Group lifted their target price on Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th.

Insider Buying and Selling at Topaz Energy

In other Topaz Energy news, Director Stephen Phillip Larke sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of C$26.10, for a total transaction of C$2,610,000.00. Company insiders own 35.66% of the company’s stock.

Topaz Energy Price Performance

Shares of Topaz Energy stock opened at C$25.64 on Friday. The stock’s 50-day simple moving average is C$26.52 and its 200-day simple moving average is C$26.61. Topaz Energy has a 52 week low of C$19.83 and a 52 week high of C$29.51. The company has a market capitalization of C$3.93 billion, a price-to-earnings ratio of 60.20 and a beta of 0.50. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45.

Topaz Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.33 per share. The ex-dividend date was Friday, December 13th. This represents a $1.32 annualized dividend and a yield of 5.15%. Topaz Energy’s payout ratio is currently 309.94%.

About Topaz Energy

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.