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

Shares of Topaz Energy Corp. (TSE:TPZ) have been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat.com reports. One equities 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 target among brokerages that have issued a report on the stock in the last year is C$31.54.

A number of equities analysts have issued reports on TPZ shares. ATB Capital downgraded Topaz Energy from an “overweight” rating to a “neutral” rating and increased their price target for the stock from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. Canaccord Genuity Group increased their price target on Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. TD Securities increased their price target on Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Scotiabank increased their price target on Topaz Energy from C$35.00 to C$36.00 in a research report on Friday, January 17th. Finally, Royal Bank of Canada raised their target price on Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 6th.

Topaz Energy Stock Up 0.8 %

Shares of TPZ opened at C$25.80 on Friday. Topaz Energy has a 52 week low of C$19.30 and a 52 week high of C$29.51. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 60.58 and a beta of 0.50. The stock’s 50-day moving average price is C$26.58 and its 200-day moving average price is C$26.63.

Topaz Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 annualized dividend and a yield of 5.12%. Topaz Energy’s dividend payout ratio (DPR) is 309.94%.

Insiders Place Their Bets

In other news, Director Stephen Phillip Larke sold 100,000 shares of the firm’s stock in a transaction on 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. 35.66% of the stock is owned by insiders.

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.