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

Topaz Energy Corp. (TSE:TPZ) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$31.54.

A number of research analysts have issued reports on the company. TD Securities lifted their price objective on Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. National Bankshares upped their price objective on shares of 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. Royal Bank of Canada lifted their target price on shares of Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. Scotiabank raised their price target on Topaz Energy from C$35.00 to C$36.00 in a report on Friday. Finally, ATB Capital lowered Topaz Energy from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd.

Topaz Energy Trading Up 0.7 %

Shares of TPZ opened at C$27.32 on Tuesday. The firm has a market capitalization of C$3.96 billion, a price-to-earnings ratio of 73.84 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. Topaz Energy has a 12-month low of C$18.59 and a 12-month high of C$29.51. The stock’s 50-day moving average price is C$27.56 and its 200 day moving average price is C$26.50.

Topaz Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.32 dividend on an annualized basis and a yield of 4.83%. Topaz Energy’s payout ratio is presently 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.