Brokerages Set Topaz Energy Corp. (TSE:TPZ) Price Target at C$26.55

Topaz Energy Corp. (TSE:TPZ) has received a consensus recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$26.86.

Several research analysts have commented on TPZ shares. CIBC lifted their price target on shares of Topaz Energy from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James decreased their price target on shares of Topaz Energy from C$27.00 to C$25.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 19th. Scotiabank decreased their price target on shares of Topaz Energy from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th. Stifel Nicolaus lifted their target price on shares of Topaz Energy from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, ATB Capital decreased their target price on shares of Topaz Energy from C$32.00 to C$30.00 in a research note on Tuesday, January 2nd.

Insider Buying and Selling at Topaz Energy

In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$22.35, for a total transaction of C$4,470,000.00. Insiders own 35.55% of the company’s stock.

Topaz Energy Trading Up 0.2 %

Shares of Topaz Energy stock opened at C$22.40 on Friday. The firm has a market cap of C$3.24 billion, a PE ratio of 67.67 and a beta of 0.48. Topaz Energy has a 1 year low of C$18.03 and a 1 year high of C$23.17. The company has a 50 day simple moving average of C$21.42 and a two-hundred day simple moving average of C$20.44. The company has a debt-to-equity ratio of 31.49, a current ratio of 8.52 and a quick ratio of 7.17.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings results on Monday, March 4th. The company reported C$0.13 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.07. The firm had revenue of C$82.78 million for the quarter, compared to the consensus estimate of C$79.00 million. Topaz Energy had a net margin of 14.82% and a return on equity of 3.66%. Analysts expect that Topaz Energy will post 0.2818351 earnings per share for the current fiscal year.

Topaz Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.32 per share. This is an increase from Topaz Energy’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Thursday, March 14th. Topaz Energy’s payout ratio is presently 387.88%.

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.