Topaz Energy Corp. (TSE:TPZ) Director Sells C$2,610,000.00 in Stock

Topaz Energy Corp. (TSE:TPZ) Director Stephen Phillip Larke sold 100,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of C$26.10, for a total value of C$2,610,000.00.

Topaz Energy Stock Performance

TPZ opened at C$25.80 on Thursday. The firm has a 50 day moving average of C$27.36 and a two-hundred day moving average of C$26.59. The firm has a market capitalization of C$3.74 billion, a PE ratio of 69.73 and a beta of 0.50. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. Topaz Energy Corp. has a 12-month low of C$18.59 and a 12-month high of C$29.51.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings results on Monday, November 4th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.01. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. During the same period last year, the business earned $0.07 EPS. On average, analysts anticipate that Topaz Energy Corp. will post 0.2019855 EPS for the current year.

Topaz Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.12%. The ex-dividend date was Friday, December 13th. Topaz Energy’s dividend payout ratio is currently 356.76%.

Analyst Upgrades and Downgrades

TPZ has been the subject of several analyst reports. ATB Capital lowered shares of Topaz Energy from an “overweight” rating to a “neutral” rating and increased their price target for the company from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. CIBC increased their target price on shares of Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. Canaccord Genuity Group lifted their price target on shares of Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd. Royal Bank of Canada increased their price objective on Topaz Energy from C$30.00 to C$32.00 in a report on Wednesday, November 6th. Finally, Scotiabank boosted their target price on Topaz Energy from C$35.00 to C$36.00 in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$31.54.

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.