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

Topaz Energy Corp. (TSE:TPZ) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$31.25.

TPZ has been the topic of a number of recent research reports. Scotiabank lifted their target price on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. Jefferies Financial Group lifted their price target on Topaz Energy from C$30.00 to C$31.00 in a research note on Monday, December 16th. CIBC reduced their price objective on shares of Topaz Energy from C$32.00 to C$30.00 in a research note on Thursday. Finally, Desjardins dropped their target price on shares of Topaz Energy from C$32.00 to C$29.50 and set a “buy” rating on the stock in a research report on Wednesday, March 19th.

Topaz Energy Trading Up 4.2 %

Topaz Energy stock opened at C$22.63 on Friday. The firm has a market cap of C$3.46 billion, a price-to-earnings ratio of 53.14 and a beta of 0.50. Topaz Energy has a 1 year low of C$21.00 and a 1 year high of C$29.51. The firm’s 50 day moving average price is C$24.13 and its two-hundred day moving average price is C$26.10. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89.

Topaz Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.33 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.32 annualized dividend and a yield of 5.83%. Topaz Energy’s dividend payout ratio is presently 309.94%.

Insider Buying and Selling at Topaz Energy

In related news, Director Stephen Phillip Larke sold 100,000 shares of the 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 value of C$2,610,000.00. Also, Senior Officer Cheree Stephenson bought 2,110 shares of Topaz Energy stock in a transaction on Friday, March 7th. The stock was acquired at an average price of C$23.68 per share, with a total value of C$49,964.80. Company insiders own 35.66% of the company’s stock.

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.