Topaz Energy Corp. (TSE:TPZ) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$31.64.

TPZ has been the topic of several recent analyst reports. CIBC lowered their target price on shares of Topaz Energy from C$32.00 to C$30.00 in a research note on Thursday, April 10th. Jefferies Financial Group increased their target price on shares of Topaz Energy from C$28.00 to C$31.00 in a research note on Wednesday.

Topaz Energy Price Performance

TSE TPZ traded down C$0.22 on Wednesday, hitting C$25.62. The stock had a trading volume of 206,257 shares, compared to its average volume of 349,392. Topaz Energy has a 52-week low of C$21.00 and a 52-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 company has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 60.16 and a beta of 0.50. The firm has a 50-day moving average of C$25.62 and a 200-day moving average of C$24.91.

Topaz Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a dividend of $0.34 per share. The ex-dividend date was Friday, June 13th. This represents a $1.36 annualized dividend and a dividend yield of 5.31%. This is a boost from Topaz Energy's previous quarterly dividend of $0.33. Topaz Energy's dividend payout ratio (DPR) is 309.94%.

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.