Topaz Energy (TSE:TPZ) Shares Up 0.2% - What's Next?

Topaz Energy Corp. (TSE:TPZ - Get Free Report) was up 0.2% during mid-day trading on Friday . The company traded as high as C$25.59 and last traded at C$25.48. Approximately 194,977 shares changed hands during trading, a decline of 46% from the average daily volume of 362,158 shares. The stock had previously closed at C$25.44.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TPZ shares. CIBC reduced their target price on shares of Topaz Energy from C$32.00 to C$30.00 in a report on Thursday, April 10th. Desjardins lowered their price target 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Topaz Energy currently has an average rating of "Moderate Buy" and an average target price of C$31.64.

Topaz Energy Stock Performance

The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. The company has a 50 day moving average of C$25.39 and a two-hundred day moving average of C$25.09. The company has a market capitalization of C$3.90 billion, a PE ratio of 59.83 and a beta of 0.50.

Topaz Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.34 dividend. This is a positive change from Topaz Energy's previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend was Friday, June 13th. Topaz Energy's payout ratio is presently 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.

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