Topaz Energy (TSE:TPZ) Trading 0.3% Higher – Should You Buy?

Topaz Energy Corp. (TSE:TPZ)’s share price traded up 0.3% on Monday . The company traded as high as C$25.00 and last traded at C$24.83. 1,019,936 shares changed hands during mid-day trading, an increase of 191% from the average session volume of 350,482 shares. The stock had previously closed at C$24.75.

Analysts Set New Price Targets

Separately, Jefferies Financial Group boosted their target price on shares of Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$32.08.

Topaz Energy Trading Up 0.3%

The stock has a market capitalization of C$3.82 billion, a price-to-earnings ratio of 60.56 and a beta of 0.31. The company’s 50 day moving average is C$25.39 and its 200 day moving average is C$25.14. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89.

Topaz Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.5%. Topaz Energy’s dividend payout ratio is currently 324.39%.

Insider Activity at Topaz Energy

In related news, Director Mike Rose acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average price of C$25.37 per share, with a total value of C$253,729.00. Corporate insiders own 35.66% of the company’s stock.

About Topaz Energy

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices.