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

Shares of Topaz Energy Corp. (TSE:TPZ) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$31.38.

TPZ has been the topic of several research reports. CIBC upped their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. TD Securities boosted their target price on Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. National Bankshares raised their price target 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. Raymond James set a C$34.00 price target on Topaz Energy and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on shares of Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 6th.

Topaz Energy Trading Up 1.5 %

TSE:TPZ opened at C$28.27 on Friday. The stock has a market cap of C$4.10 billion, a PE ratio of 76.41 and a beta of 0.50. Topaz Energy has a fifty-two week low of C$18.59 and a fifty-two week high of C$29.51. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. The stock’s 50-day moving average is C$27.48 and its two-hundred day moving average is C$26.15.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.32 annualized dividend and a yield of 4.67%. Topaz Energy’s dividend payout ratio (DPR) is presently 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.