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

Topaz Energy Corp. (TSE:TPZ - Get Free Report) has received an average rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$31.54.

Several brokerages recently issued reports on TPZ. ATB Capital downgraded Topaz Energy from an "overweight" rating to a "neutral" rating and lifted their target price for the company from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Scotiabank raised their price target on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. Raymond James set a C$34.00 price objective on Topaz Energy and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Royal Bank of Canada boosted their price target on shares of Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their price target on shares of Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd.

Topaz Energy Price Performance

TPZ stock traded up C$0.03 during trading on Friday, reaching C$25.36. The company's stock had a trading volume of 44,148 shares, compared to its average volume of 336,900. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45. The company's fifty day moving average is C$26.63 and its 200-day moving average is C$26.62. The company has a market capitalization of C$3.88 billion, a P/E ratio of 59.55 and a beta of 0.50. Topaz Energy has a 1 year low of C$19.30 and a 1 year high of C$29.51.

Topaz Energy Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.32 annualized dividend and a dividend yield of 5.21%. Topaz Energy's dividend payout ratio (DPR) is presently 309.94%.

Insider Activity

In other news, Director Stephen Phillip Larke sold 100,000 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of C$26.10, for a total value of C$2,610,000.00. 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.