Topaz Energy Corp. (TSE:TPZ) Given Average Rating of “Moderate Buy” by Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$31.38.

TPZ has been the subject of several research analyst reports. CIBC upped their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday, October 23rd. TD Securities raised their price objective on shares of Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group upped their target price on Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. Raymond James set a C$34.00 price target on Topaz Energy and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada upped their price objective on Topaz Energy from C$30.00 to C$32.00 in a report on Wednesday, November 6th.

Topaz Energy Stock Up 1.5 %

Shares of Topaz Energy stock opened at C$28.27 on Friday. Topaz Energy has a 1-year low of C$18.59 and a 1-year high of C$29.51. The company has a market capitalization of C$4.10 billion, a P/E ratio of 76.41 and a beta of 0.50. The business’s fifty day moving average price is C$27.48 and its two-hundred day moving average price is C$26.15. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was 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.