Cheree Stephenson Acquires 2,110 Shares of Topaz Energy Corp. (TSE:TPZ) Stock

Topaz Energy Corp. (TSE:TPZ - Get Free Report) Senior Officer Cheree Stephenson acquired 2,110 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of C$23.68 per share, with a total value of C$49,964.80.

Topaz Energy Trading Up 0.9 %

TSE:TPZ traded up C$0.22 during midday trading on Tuesday, hitting C$23.55. 585,230 shares of the company traded hands, compared to its average volume of 394,197. The firm has a market capitalization of C$3.61 billion, a P/E ratio of 55.30 and a beta of 0.50. Topaz Energy Corp. has a 12-month low of C$21.16 and a 12-month high of C$29.51. The firm's fifty day moving average is C$25.96 and its 200-day moving average is 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.

Topaz Energy Announces Dividend

The business 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 dividend of $0.33 per share. The ex-dividend date is Friday, March 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.61%. Topaz Energy's payout ratio is currently 309.94%.

Analyst Ratings Changes

TPZ has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th. CIBC upped their target price on Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. Finally, Scotiabank raised their price objective on Topaz Energy from C$35.00 to C$36.00 in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$31.54.

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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.