Brokerages Set Topaz Energy Corp. (TSE:TPZ) Target Price at C$31.64

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have earned an average rating of "Moderate Buy" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$31.64.

A number of equities research analysts have issued reports on TPZ shares. Desjardins decreased their target price on Topaz Energy from C$32.00 to C$29.50 and set a "buy" rating for the company in a research report on Wednesday, March 19th. CIBC cut their price target on Topaz Energy from C$32.00 to C$30.00 in a research note on Thursday, April 10th.

Topaz Energy Stock Up 0.5%

TSE:TPZ traded up C$0.12 on Monday, hitting C$25.33. 301,600 shares of the company's stock traded hands, compared to its average volume of 367,820. The company has a market cap of C$3.88 billion, a PE ratio of 59.48 and a beta of 0.50. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45. Topaz Energy has a 1 year low of C$21.00 and a 1 year high of C$29.51. The firm has a 50-day moving average price of C$23.83 and a 200-day moving average price of C$25.47.

Topaz Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.33 per share. The ex-dividend date was Friday, March 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.21%. Topaz Energy's payout ratio is presently 309.94%.

Insider Buying and Selling

In other Topaz Energy news, Senior Officer Cheree Stephenson acquired 2,110 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of C$23.68 per share, with a total value of C$49,964.80. 35.66% of the stock is owned by corporate insiders.

Topaz Energy Company Profile

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.