Topaz Energy Corp. (TSE:TPZ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Topaz Energy Corp. (TSE:TPZ) have been assigned a consensus 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 rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$31.38.

A number of equities research analysts have commented on TPZ shares. National Bankshares increased their target price on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. ATB Capital lowered Topaz Energy from an “overweight” rating to a “neutral” rating and increased their price objective for the company from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Desjardins boosted 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 research note on Wednesday, October 23rd. TD Securities raised their price target on shares of Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th.

Topaz Energy Stock Performance

Shares of TPZ opened at C$27.00 on Friday. The company has a 50-day moving average of C$27.40 and a two-hundred day moving average of C$25.97. The stock has a market cap of C$3.91 billion, a P/E ratio of 72.97 and a beta of 0.50. Topaz Energy has a 12-month low of C$18.59 and a 12-month high of C$29.51. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52.

Topaz Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 4.89%. The ex-dividend date of this dividend is Friday, December 13th. Topaz Energy’s dividend payout ratio (DPR) 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.