Topaz Energy (TSE:TPZ) Director Purchases C$252,100.00 in Stock

Topaz Energy Corp. (TSE:TPZ) Director Mike Rose bought 10,000 shares of Topaz Energy stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of C$25.21 per share, with a total value of C$252,100.00. Following the completion of the purchase, the director directly owned 443,470 shares in the company, valued at C$11,179,878.70. This trade represents a 2.31% increase in their position.

Topaz Energy Stock Up 0.3%

TPZ opened at C$25.37 on Monday. The stock’s fifty day simple moving average is C$25.36 and its 200 day simple moving average is C$25.27. Topaz Energy Corp. has a 1-year low of C$21.00 and a 1-year high of C$29.51. The stock has a market cap of C$3.90 billion, a PE ratio of 68.57 and a beta of 0.24. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45.

Topaz Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, September 15th. Topaz Energy’s dividend payout ratio (DPR) is currently 362.16%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Raymond James Financial upped their price target on shares of Topaz Energy from C$31.00 to C$32.00 in a research note on Tuesday, November 4th. Jefferies Financial Group upped their target price on Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Topaz Energy currently has an average rating of “Buy” and a consensus price target of C$31.70.

About Topaz Energy

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices.