Topaz Energy Corp. (TSE:TPZ) Given Average Recommendation of “Moderate Buy” by Analysts

Topaz Energy Corp. (TSE:TPZ) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$31.13.

Several analysts recently weighed in on TPZ shares. Canaccord Genuity Group upped their price target on Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. Raymond James set a C$34.00 price target on Topaz Energy and gave the company an “outperform” rating in a report on Tuesday, October 29th. ATB Capital cut shares of Topaz Energy from an “overweight” rating to a “neutral” rating and upped their price target for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Scotiabank increased their price objective on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, TD Securities lifted their target price on shares of Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd.

Topaz Energy Price Performance

Shares of TPZ opened at C$27.84 on Monday. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two week high of C$29.51. The firm’s 50-day simple moving average is C$27.24 and its two-hundred day simple moving average is C$25.45. The stock has a market cap of C$4.03 billion, a PE ratio of 75.24 and a beta of 0.50. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.33 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.32 annualized dividend and a yield of 4.74%. Topaz Energy’s payout ratio is presently 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.