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

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$31.13.

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on Topaz Energy from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Tuesday, July 30th. Scotiabank upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. ATB Capital cut 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 research note on Wednesday, October 23rd. Jefferies Financial Group upped their price target on Topaz Energy from C$27.00 to C$28.00 and gave the company a "buy" rating in a research note on Monday, July 15th. Finally, Desjardins raised their price objective on Topaz Energy from C$30.00 to C$31.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd.

Topaz Energy Price Performance

Shares of TSE:TPZ traded up C$0.20 during trading on Thursday, reaching C$28.14. The stock had a trading volume of 169,027 shares, compared to its average volume of 268,463. 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 1-year low of C$18.03 and a 1-year high of C$28.16. The stock has a market cap of C$4.08 billion, a PE ratio of 76.05 and a beta of 0.50. The business has a fifty day moving average price of C$26.38 and a 200-day moving average price of C$24.77.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.32 annualized dividend and a yield of 4.69%. Topaz Energy's dividend payout ratio is currently 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.