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

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$31.54.

Several brokerages have recently weighed in on TPZ. Scotiabank raised their price target on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. CIBC increased their price objective on Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. Finally, Jefferies Financial Group increased their price objective on Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th.

Insiders Place Their Bets

In related news, Senior Officer Cheree Stephenson bought 2,110 shares of the business's stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of C$23.68 per share, with a total value of C$49,964.80. Also, Director Stephen Phillip Larke sold 100,000 shares of the business's stock in a transaction on 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. Corporate insiders own 35.66% of the company's stock.

Topaz Energy Price Performance

TPZ opened at C$23.55 on Wednesday. The stock has a fifty day simple moving average of C$25.96 and a two-hundred day simple moving average of C$26.52. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45. The company has a market cap of C$3.61 billion, a price-to-earnings ratio of 55.30 and a beta of 0.50. Topaz Energy has a 12-month low of C$21.16 and a 12-month high of C$29.51.

Topaz Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Friday, March 14th. Topaz Energy's payout ratio is 309.94%.

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.

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