Topaz Energy (TSE:TPZ) Price Target Increased to C$27.00 by Analysts at Stifel Nicolaus

Topaz Energy (TSE:TPZ) had its price objective hoisted by Stifel Nicolaus from C$25.00 to C$27.00 in a research note published on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

TPZ has been the topic of several other reports. TD Securities raised their price target on shares of Topaz Energy from C$24.00 to C$25.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Jefferies Financial Group set a C$23.00 price target on shares of Topaz Energy and gave the stock a buy rating in a research report on Tuesday, February 27th. Raymond James decreased their price target on shares of Topaz Energy from C$27.00 to C$25.00 and set a strong-buy rating on the stock in a research report on Friday, January 19th. ATB Capital decreased their price target on shares of Topaz Energy from C$32.00 to C$30.00 in a research report on Tuesday, January 2nd. Finally, Scotiabank decreased their price target on shares of Topaz Energy from C$32.00 to C$30.00 and set an outperform rating on the stock in a research report on Tuesday, January 16th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Topaz Energy has an average rating of Buy and an average price target of C$26.86.

Topaz Energy Price Performance

TSE TPZ opened at C$22.40 on Tuesday. 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 company has a fifty day simple moving average of C$21.42 and a 200 day simple moving average of C$20.44. The company has a market cap of C$3.24 billion, a P/E ratio of 67.88 and a beta of 0.48. Topaz Energy has a 1 year low of C$18.03 and a 1 year high of C$23.17.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.06 by C$0.07. Topaz Energy had a net margin of 14.82% and a return on equity of 3.66%. The business had revenue of C$82.78 million during the quarter, compared to the consensus estimate of C$79.00 million. On average, sell-side analysts predict that Topaz Energy will post 0.2818351 EPS for the current year.

Topaz Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.71%. This is an increase from Topaz Energy’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, March 14th. Topaz Energy’s dividend payout ratio (DPR) is presently 387.88%.

Insider Transactions at Topaz Energy

In other news, Director Stephen Phillip Larke sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$22.35, for a total transaction of C$4,470,000.00. 35.55% of the stock is owned by insiders.

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.