Topaz Energy (TSE:TPZ) Given New C$30.00 Price Target at BMO Capital Markets

Topaz Energy (TSE:TPZ) had its price objective hoisted by BMO Capital Markets from C$29.00 to C$30.00 in a research report released on Tuesday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Scotiabank lifted their price objective on shares of Topaz Energy from C$33.00 to C$34.00 in a report on Friday, July 12th. Royal Bank of Canada upped their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an outperform rating in a research report on Wednesday, July 3rd. CIBC upped their price target on shares of Topaz Energy from C$27.00 to C$30.00 in a research note on Monday, July 15th. Canaccord Genuity Group upped their price target on shares of Topaz Energy from C$29.00 to C$29.50 and gave the stock a buy rating in a research note on Tuesday. Finally, National Bankshares boosted their price objective on shares of Topaz Energy from C$27.50 to C$28.50 and gave the stock an outperform rating in a research report on Wednesday, July 3rd. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of C$28.63.

Topaz Energy Price Performance

Topaz Energy stock opened at C$24.85 on Tuesday. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$26.19. The stock has a market cap of C$3.60 billion, a P/E ratio of 79.09 and a beta of 0.50. The company has a 50-day moving average price of C$23.86 and a 200 day moving average price of C$22.12. The company has a current ratio of 2.47, a quick ratio of 7.17 and a debt-to-equity ratio of 30.43.

Topaz Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.33 dividend. This is a positive change from Topaz Energy’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Friday, September 13th. Topaz Energy’s payout ratio is 400.00%.

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.