Brokerages Set Topaz Energy Corp. (TSE:TPZ) Target Price at C$31.54

Shares of Topaz Energy Corp. (TSE:TPZ) have earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$31.54.

A number of analysts have issued reports on TPZ shares. Canaccord Genuity Group lifted their price target on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd. CIBC lifted their price target on Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. TD Securities lifted their price target on Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Scotiabank lifted their price target on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. Finally, ATB Capital cut Topaz Energy from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd.

Topaz Energy Stock Up 0.8 %

Shares of TSE TPZ opened at C$25.80 on Friday. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 60.58 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. The business has a 50-day moving average of C$26.58 and a two-hundred day moving average of C$26.63. Topaz Energy has a 1 year low of C$19.30 and a 1 year high of C$29.51.

Topaz Energy Announces Dividend

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 $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Friday, December 13th. Topaz Energy’s dividend payout ratio (DPR) is presently 309.94%.

Insider Activity at Topaz Energy

In other Topaz Energy news, Director Stephen Phillip Larke sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of C$26.10, for a total transaction of C$2,610,000.00. 35.66% of the stock is currently owned by insiders.

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.