Topaz Energy (TSE:TPZ) Price Target Raised to C$36.00

Topaz Energy (TSE:TPZ) had its target price increased by Scotiabank from C$35.00 to C$36.00 in a report published on Friday,BayStreet.CA reports.

A number of other research firms also recently weighed in on TPZ. Royal Bank of Canada increased their price target on shares of Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. ATB Capital lowered Topaz Energy from an “overweight” rating to a “neutral” rating and increased their target price for the stock from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. TD Securities boosted their price target on Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. CIBC raised their price objective on Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday, October 23rd. Finally, Raymond James set a C$34.00 price objective on Topaz Energy and gave the company an “outperform” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Topaz Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$31.54.

Topaz Energy Trading Up 0.4 %

TSE TPZ opened at C$27.12 on Friday. The company has a 50-day moving average of C$27.57 and a 200-day moving average of C$26.44. 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 has a 12 month low of C$18.59 and a 12 month high of C$29.51. The company has a market cap of C$3.93 billion, a P/E ratio of 73.30 and a beta of 0.50.

Topaz Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.87%. Topaz Energy’s dividend payout ratio 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.