Topaz Energy Corp. (TSE:TPZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$31.64.

Several research analysts have recently commented on TPZ shares. CIBC decreased their price objective on Topaz Energy from C$32.00 to C$30.00 in a research note on Thursday, April 10th. Desjardins decreased their price objective on Topaz Energy from C$32.00 to C$29.50 and set a “buy” rating on the stock in a research note on Wednesday, March 19th.

Insider Activity

In related news, Senior Officer Cheree Stephenson bought 2,110 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of C$23.68 per share, with a total value of C$49,964.80. Corporate insiders own 35.66% of the company’s stock.

Topaz Energy Trading Down 1.1%

Shares of TSE:TPZ opened at C$25.15 on Monday. The stock’s 50-day simple moving average is C$23.90 and its two-hundred day simple moving average is C$25.42. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. Topaz Energy has a 52-week low of C$21.00 and a 52-week high of C$29.51. The stock has a market capitalization of C$3.85 billion, a price-to-earnings ratio of 59.05 and a beta of 0.50.

Topaz Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date was Friday, March 14th. Topaz Energy’s payout ratio is 309.94%.

About Topaz Energy

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.