Topaz Energy Corp. (TSE:TPZ) Receives Consensus Recommendation of “Buy” from Analysts

Topaz Energy Corp. (TSE:TPZGet Free Report) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$26.63.

Several analysts have weighed in on the company. National Bankshares cut their target price on Topaz Energy from C$30.00 to C$27.50 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Jefferies Financial Group set a C$23.00 target price on Topaz Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. Canaccord Genuity Group lifted their target price on Topaz Energy from C$27.50 to C$28.50 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Desjardins cut their target price on Topaz Energy from C$27.50 to C$26.50 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Finally, TD Securities lifted their target price on Topaz Energy from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th.

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Topaz Energy Trading Up 1.4 %

Shares of TSE TPZ opened at C$22.12 on Wednesday. The company has a market cap of C$3.20 billion, a price-to-earnings ratio of 67.03 and a beta of 0.48. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$22.55. The company has a current ratio of 8.52, a quick ratio of 7.17 and a debt-to-equity ratio of 31.49. The stock’s 50 day simple moving average is C$20.13 and its 200 day simple moving average is C$20.33.

Topaz Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.32 per share. This is an increase from Topaz Energy’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.79%. Topaz Energy’s payout ratio is currently 387.88%.

Topaz Energy Company Profile

(Get Free Report

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates through two segments: the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6.1 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.

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Analyst Recommendations for Topaz Energy (TSE:TPZ)

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