Topaz Energy Corp. (TSE:TPZ) Director Stephen Phillip Larke Sells 100,000 Shares

Topaz Energy Corp. (TSE:TPZ) Director Stephen Phillip Larke sold 100,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of C$26.10, for a total transaction of C$2,610,000.00.

Topaz Energy Stock Down 0.8 %

Shares of TPZ opened at C$25.59 on Friday. The company has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 69.16 and a beta of 0.50. Topaz Energy Corp. has a 52 week low of C$18.59 and a 52 week high of C$29.51. The stock’s 50-day moving average price is C$27.30 and its 200-day moving average price is C$26.58. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52.

Topaz Energy (TSE:TPZ) last issued its quarterly earnings data on Monday, November 4th. The company reported C$0.12 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. During the same quarter in the previous year, the business posted $0.07 EPS. On average, sell-side analysts predict that Topaz Energy Corp. will post 0.2019855 EPS for the current year.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend was Friday, December 13th. Topaz Energy’s payout ratio is presently 356.76%.

Analysts Set New Price Targets

TPZ has been the topic of several recent analyst reports. Canaccord Genuity Group increased their price target on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd. Jefferies Financial Group increased their target price on Topaz Energy from C$30.00 to C$31.00 in a research note on Monday, December 16th. Desjardins boosted their target price on shares of Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James set a C$34.00 price target on shares of Topaz Energy and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada lifted their price objective on shares of Topaz Energy from C$30.00 to C$32.00 in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$31.54.

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.