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

Shares of Topaz Energy Corp. (TSE:TPZ) have been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$31.80.

TPZ has been the subject of several recent analyst reports. CIBC decreased their price objective on shares of Topaz Energy from C$32.00 to C$30.00 in a research report on Thursday, April 10th. Jefferies Financial Group boosted their price target on shares of Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd.

Topaz Energy Price Performance

Topaz Energy stock opened at C$26.36 on Wednesday. The stock has a market cap of C$4.04 billion, a P/E ratio of 61.89 and a beta of 0.50. The company has a fifty day simple moving average of C$25.66 and a 200-day simple moving average of C$24.89. Topaz Energy has a 12-month low of C$21.00 and a 12-month high of C$29.51. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45.

Topaz Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.16%. This is a boost from Topaz Energy’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, June 13th. Topaz Energy’s dividend payout ratio is presently 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.