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 a consensus rating of "Moderate Buy" from the ten analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$31.13.

A number of research analysts have commented on the stock. National Bankshares increased their price objective on shares of 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. CIBC increased their price target on shares of Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. Desjardins lifted their price target 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 cut Topaz Energy from an "overweight" rating to a "neutral" rating and upped their price objective for the company from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group lifted their target price on Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd.

Topaz Energy Stock Down 0.6 %

TSE:TPZ traded down C$0.16 on Monday, reaching C$27.68. The stock had a trading volume of 415,896 shares, compared to its average volume of 280,724. The company has a 50-day moving average of C$27.24 and a 200 day moving average of C$25.45. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. The stock has a market cap of C$4.01 billion, a P/E ratio of 75.24 and a beta of 0.50. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$29.51.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Friday, December 13th. Topaz Energy's dividend payout ratio is currently 356.76%.

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.