Topaz Energy Corp. (TSE:TPZ - Get Free Report)'s stock price was down 0% during mid-day trading on Thursday . The company traded as low as C$24.60 and last traded at C$24.99. Approximately 327,662 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 373,481 shares. The stock had previously closed at C$25.00.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on TPZ shares. CIBC lowered their target price on Topaz Energy from C$32.00 to C$30.00 in a research report on Thursday, April 10th. Desjardins lowered their target price on Topaz Energy from C$32.00 to C$29.50 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$31.64.
Check Out Our Latest Stock Report on Topaz Energy
Topaz Energy Trading Down 0.0%
The business has a 50-day simple moving average of C$23.76 and a two-hundred day simple moving average of C$25.56. The stock has a market cap of C$3.83 billion, a price-to-earnings ratio of 58.68 and a beta of 0.50. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17.
Topaz Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Friday, March 14th. Topaz Energy's dividend payout ratio (DPR) is presently 309.94%.
Insiders Place Their Bets
In other news, Senior Officer Cheree Stephenson acquired 2,110 shares of Topaz Energy stock in a transaction dated Friday, March 7th. The stock was bought at an average price of C$23.68 per share, for a total transaction of C$49,964.80. Company insiders own 35.66% of the company's stock.
Topaz Energy Company Profile
(
Get Free Report)
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.
Further Reading
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