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

Topaz Energy Corp. (TSE:TPZ) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$31.64.

Several research firms have commented on TPZ. CIBC lowered their target price on shares of Topaz Energy from C$32.00 to C$30.00 in a research note on Thursday, April 10th. Desjardins decreased their price objective on shares of Topaz Energy from C$32.00 to C$29.50 and set a “buy” rating for the company in a report on Wednesday, March 19th.

Topaz Energy Price Performance

Shares of TPZ opened at C$26.54 on Friday. Topaz Energy has a one year low of C$21.00 and a one year high of C$29.51. The stock’s fifty day moving average is C$24.68 and its 200-day moving average is C$25.24. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. The firm has a market capitalization of C$4.06 billion, a price-to-earnings ratio of 62.32 and a beta of 0.50.

Topaz Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a $0.34 dividend. This is an increase from Topaz Energy’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Friday, June 13th. Topaz Energy’s payout ratio is presently 309.94%.

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.