Topaz Energy Corp. (TSE:TPZ) Receives C$31.54 Consensus Target Price from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$31.54.

Several research firms have weighed in on TPZ. CIBC boosted their target price on shares of Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. Scotiabank boosted their target price on shares of Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. Finally, 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.

Insider Transactions at Topaz Energy

In related news, Director Stephen Phillip Larke sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of C$26.10, for a total transaction of C$2,610,000.00. Also, Senior Officer Cheree Stephenson bought 2,110 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of C$23.68 per share, for a total transaction of C$49,964.80. Company insiders own 35.66% of the company’s stock.

Topaz Energy Stock Performance

TPZ opened at C$23.36 on Wednesday. The firm has a market capitalization of C$3.58 billion, a PE ratio of 54.85 and a beta of 0.50. Topaz Energy has a twelve month low of C$21.35 and a twelve month high of C$29.51. The firm’s 50-day moving average price is C$25.70 and its 200 day moving average price is C$26.46. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.33 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 5.65%. Topaz Energy’s dividend payout ratio is currently 309.94%.

About Topaz Energy

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.