Stephen Phillip Larke Sells 100,000 Shares of Topaz Energy Corp. (TSE:TPZ) Stock

Topaz Energy Corp. (TSE:TPZ - Get Free Report) Director Stephen Phillip Larke sold 100,000 shares of the company's stock in a transaction dated 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.

Topaz Energy Trading Down 2.1 %

Shares of Topaz Energy stock traded down C$0.54 during trading on Friday, hitting C$25.05. The company's stock had a trading volume of 407,401 shares, compared to its average volume of 318,349. The stock has a market cap of C$3.63 billion, a price-to-earnings ratio of 67.70 and a beta of 0.50. Topaz Energy Corp. has a 52 week low of C$18.59 and a 52 week high of C$29.51. The stock has a 50-day moving average price of C$27.21 and a two-hundred day moving average price of C$26.59. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17.

Topaz Energy (TSE:TPZ - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported C$0.12 EPS for the quarter, beating analysts' consensus estimates of C$0.11 by C$0.01. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. During the same period last year, the firm posted $0.07 EPS. Equities research analysts anticipate that Topaz Energy Corp. will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Friday, December 13th. Topaz Energy's dividend payout ratio is presently 356.76%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TPZ. Desjardins upped their target price on Topaz Energy from C$30.00 to C$31.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. ATB Capital downgraded Topaz Energy from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on Topaz Energy from C$30.00 to C$31.00 in a research note on Monday, December 16th. CIBC increased their target price on shares of Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. Finally, Scotiabank lifted their price target on shares of Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Topaz Energy has an average rating of "Moderate Buy" and a consensus price target of C$31.54.

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.