Topaz Energy Corp. (TSE:TPZ) Receives C$31.13 Consensus Target Price from Brokerages

Shares of Topaz Energy Corp. (TSE:TPZ) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$31.13.

A number of equities research analysts have recently issued reports on TPZ shares. National Bankshares upped their price objective on Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Desjardins increased their target price on Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their price target on Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. Scotiabank lifted their price objective on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, CIBC increased their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd.

Topaz Energy Trading Down 0.8 %

Shares of Topaz Energy stock opened at C$27.24 on Monday. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$29.51. The stock has a market cap of C$3.95 billion, a P/E ratio of 73.62 and a beta of 0.50. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52. The business’s 50 day moving average is C$27.36 and its 200-day moving average is C$25.53.

Topaz Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.33 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.85%. Topaz Energy’s dividend payout ratio is currently 356.76%.

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.