Analysts Set Topaz Energy Corp. (TSE:TPZ) Price Target at C$31.38

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$31.38.

TPZ has been the subject of several research analyst reports. Scotiabank raised their price target 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. Desjardins raised their target price on shares of Topaz Energy from C$30.00 to C$31.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. ATB Capital downgraded shares of Topaz Energy from an "overweight" rating to a "neutral" rating and upped their price target for the company from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th. Finally, National Bankshares increased their price target on shares of Topaz Energy from C$32.50 to C$33.50 and gave the company an "outperform" rating in a report on Wednesday, October 23rd.

Topaz Energy Price Performance

Shares of TSE:TPZ traded up C$0.05 during trading on Friday, hitting C$27.05. 591,228 shares of the company's stock were exchanged, compared to its average volume of 292,500. The business's 50-day simple moving average is C$27.41 and its 200 day simple moving average is C$25.98. The company has a market cap of C$3.92 billion, a price-to-earnings ratio of 73.11 and a beta of 0.50. Topaz Energy has a 52-week low of C$18.59 and a 52-week high of C$29.51. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Friday, December 13th. Topaz Energy's payout ratio is 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.