Topaz Energy Corp. (TSE:TPZ) Given Average Rating of "Moderate Buy" by Analysts

Topaz Energy Corp. (TSE:TPZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$31.54.

A number of equities analysts have issued reports on TPZ shares. 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 report on Wednesday, October 23rd. National Bankshares upped their price objective on Topaz Energy from C$32.50 to C$33.50 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th. Raymond James set a C$34.00 target price on shares of Topaz Energy and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Finally, ATB Capital downgraded shares of Topaz Energy from an "overweight" rating to a "neutral" rating and raised their price target for the company from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd.

Topaz Energy Stock Performance

TSE:TPZ opened at C$27.32 on Tuesday. Topaz Energy has a twelve month low of C$18.59 and a twelve month high of C$29.51. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52. The stock's 50-day simple moving average is C$27.56 and its 200 day simple moving average is C$26.50. The firm has a market capitalization of C$3.96 billion, a PE ratio of 73.84 and a beta of 0.50.

Topaz Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.33 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.83%. Topaz Energy's dividend payout ratio is presently 356.76%.

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.