Topaz Energy Corp. (TSE:TPZ - Get Free Report)'s stock price rose 0.7% on Monday . The company traded as high as C$25.02 and last traded at C$25.01. Approximately 258,352 shares were traded during trading, a decline of 25% from the average daily volume of 343,125 shares. The stock had previously closed at C$24.83.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group increased their price objective on shares of Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$31.80.
Get Our Latest Research Report on TPZ
Topaz Energy Trading Up 0.7%
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 firm has a market cap of C$3.85 billion, a PE ratio of 61.00 and a beta of 0.27. The company's 50 day moving average price is C$25.34 and its 200 day moving average price is C$24.71.
Topaz Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, September 15th. Topaz Energy's dividend payout ratio (DPR) is currently 324.39%.
Insider Buying and Selling
In other Topaz Energy news, Director Mike Rose purchased 10,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of C$25.37 per share, with a total value of C$253,729.00. 35.66% of the stock is owned by corporate insiders.
About Topaz Energy
(
Get Free Report)
Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada's natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices.
Further Reading
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