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

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

A number of equities analysts have issued reports on TPZ shares. Scotiabank boosted their price objective on shares of Topaz Energy from C$35.00 to C$36.00 in a research report on Friday, January 17th. Jefferies Financial Group boosted their price target on Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th. Finally, CIBC increased their price objective on Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th.

Topaz Energy Stock Up 0.8 %

Shares of Topaz Energy stock opened at C$23.72 on Wednesday. The company’s 50 day moving average price is C$25.41 and its 200-day moving average price is C$26.40. Topaz Energy has a 52-week low of C$21.52 and a 52-week high of C$29.51. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. The stock has a market capitalization of C$3.63 billion, a price-to-earnings ratio of 55.70 and a beta of 0.50.

Topaz Energy Dividend Announcement

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 given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Friday, March 14th. Topaz Energy’s dividend payout ratio is currently 309.94%.

Insider Transactions at Topaz Energy

In other 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 transaction of C$2,610,000.00. Also, Senior Officer Cheree Stephenson purchased 2,110 shares of Topaz Energy stock in a transaction dated Friday, March 7th. The shares were bought at an average price of C$23.68 per share, with a total value of C$49,964.80. Insiders own 35.66% of the company’s stock.

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.