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

Shares of Topaz Energy Corp. (TSE:TPZGet Free Report) have received a consensus rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$26.88.

Several equities analysts recently weighed in on the company. Jefferies Financial Group set a C$23.00 target price on Topaz Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Canaccord Genuity Group raised their price objective on Topaz Energy from C$27.50 to C$28.50 and gave the stock a “buy” rating in a report on Tuesday, March 5th. TD Securities raised their price objective on Topaz Energy from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Stifel Nicolaus raised their target price on Topaz Energy from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, CIBC raised their target price on Topaz Energy from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, April 22nd.

Check Out Our Latest Stock Analysis on TPZ

Topaz Energy Trading Down 0.4 %

Shares of TPZ stock opened at C$22.83 on Monday. The business’s fifty day moving average price is C$22.53 and its 200 day moving average price is C$20.78. Topaz Energy has a 1-year low of C$18.03 and a 1-year high of C$23.17. The firm has a market capitalization of C$3.31 billion, a PE ratio of 71.34 and a beta of 0.50. The company has a debt-to-equity ratio of 30.43, a current ratio of 2.47 and a quick ratio of 7.17.

Topaz Energy (TSE:TPZGet Free Report) last posted its earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.03). The firm had revenue of C$70.88 million during the quarter, compared to analyst estimates of C$78.00 million. Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%. As a group, sell-side analysts forecast that Topaz Energy will post 0.198902 EPS for the current fiscal year.

Topaz Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, June 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.61%. Topaz Energy’s dividend payout ratio is 400.00%.

Insider Buying and Selling at Topaz Energy

In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total value of C$4,470,000.00. Corporate insiders own 35.66% of the company’s stock.

About Topaz Energy

(Get Free Report

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.

Further Reading

Analyst Recommendations for Topaz Energy (TSE:TPZ)

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