Topaz Energy Corp. (TSE:TPZ) Receives C$26.88 Consensus PT from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$26.88.

A number of brokerages have recently issued reports on TPZ. Royal Bank of Canada increased their price objective on shares of Topaz Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. CIBC raised their price target on shares of Topaz Energy from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. TD Securities upped their price objective on Topaz Energy from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group raised their target price on Topaz Energy from C$27.50 to C$28.50 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group set a C$23.00 price target on Topaz Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th.

Insiders Place Their Bets

In other news, Director Stephen Phillip Larke sold 200,000 shares of Topaz Energy stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total value of C$4,470,000.00. Company insiders own 35.66% of the company’s stock.

Topaz Energy Stock Down 0.9 %

TPZ stock opened at C$22.59 on Monday. Topaz Energy has a twelve month low of C$18.03 and a twelve month high of C$23.34. The company has a quick ratio of 7.17, a current ratio of 2.47 and a debt-to-equity ratio of 30.43. The company has a market cap of C$3.27 billion, a PE ratio of 70.59 and a beta of 0.50. The business’s 50-day simple moving average is C$22.57 and its 200 day simple moving average is C$20.89.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings data on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.03). The firm had revenue of C$70.88 million for the quarter, compared to analyst estimates of C$78.00 million. Topaz Energy had a return on equity of 3.62% and a net margin of 14.29%. On average, research analysts anticipate that Topaz Energy will post 0.198902 earnings per share for the current year.

Topaz Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 5.67%. Topaz Energy’s dividend payout ratio (DPR) is currently 400.00%.

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.