National Bankshares Analysts Give Topaz Energy (TSE:TPZ) a C$33.50 Price Target

National Bankshares set a C$33.50 price objective on Topaz Energy (TSE:TPZ) in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Raymond James Financial raised their price objective on Topaz Energy from C$32.00 to C$34.00 in a report on Tuesday, December 9th. Scotiabank raised Topaz Energy to a “strong-buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$32.33.

Topaz Energy Stock Up 2.1%

Shares of TPZ stock opened at C$27.11 on Friday. The stock’s fifty day moving average price is C$27.22 and its 200 day moving average price is C$26.04. 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 company has a market cap of C$4.17 billion, a price-to-earnings ratio of 73.27 and a beta of 0.16. Topaz Energy has a 1-year low of C$21.00 and a 1-year high of C$29.17.

Topaz Energy (TSE:TPZ) last announced its earnings results on Monday, November 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$76.44 million for the quarter. Topaz Energy had a net margin of 20.54% and a return on equity of 5.15%. On average, research analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.

Topaz Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, December 15th. Topaz Energy’s payout ratio is 362.16%.

Insider Buying and Selling

In other news, Director Mike Rose acquired 10,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of C$25.21 per share, for a total transaction of C$252,100.00. Following the acquisition, 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. 35.66% of the stock is owned by corporate insiders.

Topaz Energy Company Profile

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. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.