Topaz Energy Corp. (TSE:TPZ) Receives C$31.54 Consensus Price Target from Brokerages

Shares of Topaz Energy Corp. (TSE:TPZ) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$31.54.

A number of equities analysts recently weighed in on TPZ shares. Scotiabank boosted their price objective on shares of Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. Jefferies Financial Group lifted their target price on shares of Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th. Finally, CIBC boosted their price objective on shares of Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th.

Topaz Energy Price Performance

Shares of TSE TPZ opened at C$23.36 on Wednesday. Topaz Energy has a twelve month low of C$21.35 and a twelve month high of C$29.51. The firm has a market cap of C$3.58 billion, a P/E ratio of 54.85 and a beta of 0.50. The company has a 50 day moving average of C$25.60 and a 200 day moving average of C$26.44. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.65%. The ex-dividend date is Friday, March 14th. Topaz Energy’s payout ratio is currently 309.94%.

Insiders Place Their Bets

In other Topaz Energy news, Senior Officer Cheree Stephenson bought 2,110 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost 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 company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of C$26.10, for a total transaction of C$2,610,000.00. Corporate insiders own 35.66% of the company’s stock.

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.