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

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have received an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$31.64.

A number of equities analysts have recently weighed in on the company. Scotiabank upped their target price on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. CIBC dropped their price objective on shares of Topaz Energy from C$32.00 to C$30.00 in a research note on Thursday, April 10th. Finally, Desjardins cut their target price on shares of 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.

Insider Buying and Selling

In other news, Senior Officer Cheree Stephenson bought 2,110 shares of the business's stock in a transaction on Friday, March 7th. The stock was purchased at an average price of C$23.68 per share, with a total value of C$49,964.80. Corporate insiders own 35.66% of the company's stock.

Topaz Energy Stock Up 1.7 %

Shares of TPZ stock traded up C$0.40 on Thursday, reaching C$23.60. 399,824 shares of the company's stock traded hands, compared to its average volume of 379,969. The company has a market capitalization of C$3.61 billion, a P/E ratio of 55.41 and a beta of 0.50. Topaz Energy has a 12-month low of C$21.00 and a 12-month 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 business's 50 day moving average price is C$23.49 and its two-hundred day moving average price is C$25.72.

Topaz Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Friday, March 14th. Topaz Energy's payout ratio is 309.94%.

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.