Topaz Energy Corp. (TSE:TPZ) Receives C$31.38 Consensus Price Target from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$31.38.

Several brokerages have commented on TPZ. Scotiabank raised their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. TD Securities boosted their price objective on shares of Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Desjardins upped their target price on Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group raised their price objective on shares of Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. Finally, National Bankshares lifted their target price on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd.

Topaz Energy Price Performance

TPZ opened at C$27.05 on Friday. The stock’s 50-day moving average price is C$27.41 and its 200 day moving average price is C$26.01. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. Topaz Energy has a 12-month low of C$18.59 and a 12-month high of C$29.51. The firm has a market cap of C$3.92 billion, a price-to-earnings ratio of 73.11 and a beta of 0.50.

Topaz Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Friday, December 13th. Topaz Energy’s payout ratio is currently 356.76%.

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.