Topaz Energy (TSE:TPZ) Price Target Lowered to C$30.00 at CIBC

Topaz Energy (TSE:TPZ) had its price objective trimmed by CIBC from C$32.00 to C$30.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on the company. Scotiabank upped their price target on Topaz Energy from C$35.00 to C$36.00 in a research report on Friday, January 17th. Desjardins lowered their target price on shares of Topaz Energy from C$32.00 to C$29.50 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Finally, Jefferies Financial Group lifted their price target on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Topaz Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$31.25.

Topaz Energy Stock Up 4.2 %

TSE TPZ opened at C$22.63 on Thursday. Topaz Energy has a 1-year low of C$21.00 and a 1-year high of C$29.51. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45. The stock’s 50 day moving average is C$24.13 and its two-hundred day moving average is C$26.10. The company has a market capitalization of C$3.46 billion, a price-to-earnings ratio of 53.14 and a beta of 0.50.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.33 per share. The ex-dividend date was Friday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 5.83%. Topaz Energy’s dividend payout ratio (DPR) is currently 309.94%.

Insider Activity at Topaz Energy

In other Topaz Energy news, Director Stephen Phillip Larke sold 100,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was 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 Topaz Energy stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of C$23.68 per share, for a total transaction of C$49,964.80. 35.66% of the stock is currently owned by company insiders.

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.