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

Shares of Topaz Energy Corp. (TSE:TPZ) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$31.42.

A number of equities research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. CIBC lifted their price objective on shares of Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. Desjardins reduced their target price on Topaz Energy from C$32.00 to C$29.50 and set a “buy” rating for the company in a report on Wednesday, March 19th. Finally, Jefferies Financial Group lifted their price target on 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, Senior Officer Cheree Stephenson purchased 2,110 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of C$23.68 per share, for a total transaction of C$49,964.80. Also, Director Stephen Phillip Larke sold 100,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of C$26.10, for a total value of C$2,610,000.00. Company insiders own 35.66% of the company’s stock.

Topaz Energy Price Performance

TSE TPZ opened at C$22.14 on Friday. Topaz Energy has a 1 year low of C$21.45 and a 1 year high of C$29.51. The stock’s 50-day moving average price is C$24.59 and its two-hundred day moving average price is C$26.25. The company has a market cap of C$3.39 billion, a PE ratio of 51.99 and a beta of 0.50. 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Friday, March 14th. Topaz Energy’s payout ratio is currently 309.94%.

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.