Topaz Energy Corp. (TSE:TPZ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$31.80.

Separately, Jefferies Financial Group raised their price target on shares of Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd.

Topaz Energy Stock Up 1.5%

Topaz Energy stock opened at C$25.49 on Thursday. Topaz Energy has a fifty-two week low of C$21.00 and a fifty-two week high of C$29.51. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. The firm has a 50 day moving average price of C$25.33 and a 200 day moving average price of C$24.72. The company has a market capitalization of C$3.92 billion, a PE ratio of 62.17 and a beta of 0.27.

Topaz Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, September 15th. Topaz Energy’s payout ratio is 324.39%.

Insider Activity

In other news, Director Mike Rose acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average cost of C$25.37 per share, with a total value of C$253,729.00. Company insiders own 35.66% of the company’s stock.

Topaz Energy Company Profile

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices.