Topaz Energy Corp. Plans Quarterly Dividend of $0.33 (TSE:TPZ)

Topaz Energy Corp. (TSE:TPZ - Get Free Report) declared a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.33 per share on Tuesday, December 31st. This represents a $1.32 annualized dividend and a yield of 4.72%. The ex-dividend date is Friday, December 13th.

Topaz Energy Stock Up 1.0 %

TSE:TPZ traded up C$0.29 during midday trading on Wednesday, reaching C$27.94. 511,487 shares of the stock traded hands, compared to its average volume of 268,926. The business has a 50-day moving average of C$26.32 and a two-hundred day moving average of C$24.73. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$28.13. The stock has a market capitalization of C$4.05 billion, a PE ratio of 75.32 and a beta of 0.50.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. ATB Capital cut shares of Topaz Energy from an "overweight" rating to a "neutral" rating and raised their target price for the stock from C$30.00 to C$31.00 in a report on Wednesday, October 23rd. CIBC upped their target price on Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. TD Securities lifted their price target on Topaz Energy from C$28.00 to C$30.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday. Finally, National Bankshares raised their price objective on shares of Topaz Energy from C$32.50 to C$33.50 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Topaz Energy has a consensus rating of "Moderate Buy" and an average price target of C$31.13.

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.