Topaz Energy Corp. (TSE:TPZ - Get Rating) Senior Officer Cheree Stephenson sold 3,622 shares of the business's stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of C$23.28, for a total value of C$84,318.71. Following the sale, the insider now owns 17,378 shares in the company, valued at C$404,552.89.
Cheree Stephenson also recently made the following trade(s):
- On Thursday, November 10th, Cheree Stephenson sold 2,000 shares of Topaz Energy stock. The shares were sold at an average price of C$22.90, for a total value of C$45,800.00.
- On Friday, November 4th, Cheree Stephenson sold 2,000 shares of Topaz Energy stock. The shares were sold at an average price of C$23.81, for a total value of C$47,620.00.
Topaz Energy Trading Up 0.2 %
Shares of TPZ traded up C$0.04 during trading hours on Thursday, hitting C$23.68. 29,926 shares of the stock traded hands, compared to its average volume of 307,063. The company has a current ratio of 8.06, a quick ratio of 7.17 and a debt-to-equity ratio of 34.84. Topaz Energy Corp. has a 1-year low of C$16.31 and a 1-year high of C$24.80. The firm has a market capitalization of C$3.41 billion and a PE ratio of 34.26. The business has a fifty day moving average of C$22.24 and a 200-day moving average of C$21.69.
Topaz Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Wednesday, September 14th. This is a positive change from Topaz Energy's previous quarterly dividend of $0.26. Topaz Energy's dividend payout ratio is 150.72%.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Canaccord Genuity Group set a C$30.75 price target on Topaz Energy and gave the company a "buy" rating in a research report on Thursday, August 25th. Stifel Nicolaus boosted their price objective on Topaz Energy from C$31.25 to C$31.50 in a research note on Wednesday, August 3rd. ATB Capital boosted their price objective on Topaz Energy from C$30.00 to C$32.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, November 15th. BMO Capital Markets boosted their price objective on Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 2nd. Finally, Raymond James boosted their price objective on Topaz Energy from C$29.00 to C$30.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, September 28th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$30.57.
Topaz Energy Company Profile
Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.
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