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

Shares of Topaz Energy Corp. (TSE:TPZ) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$31.54.

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

Insiders Place Their Bets

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 the 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. 35.66% of the stock is owned by insiders.

Topaz Energy Stock Up 0.9 %

Shares of TPZ stock opened at C$23.55 on Wednesday. Topaz Energy has a fifty-two week low of C$21.16 and a fifty-two 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 firm has a market capitalization of C$3.61 billion, a PE ratio of 55.30 and a beta of 0.50. The stock’s 50-day simple moving average is C$25.96 and its 200-day simple moving average is C$26.52.

Topaz Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, March 14th. This represents a $1.32 annualized dividend and a yield of 5.61%. Topaz Energy’s dividend payout ratio (DPR) 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.