Topaz Energy (TSE:TPZ) Trading 1.6% Higher – What’s Next?

Topaz Energy Corp. (TSE:TPZ) shares traded up 1.6% on Friday . The company traded as high as C$28.41 and last traded at C$28.28. 415,534 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 361,632 shares. The stock had previously closed at C$27.84.

Analyst Ratings Changes

Separately, Raymond James Financial lifted their target price on shares of Topaz Energy from C$31.00 to C$32.00 in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Topaz Energy presently has a consensus rating of “Buy” and an average price target of C$31.70.

Topaz Energy Trading Up 1.6%

The stock has a market capitalization of C$4.35 billion, a PE ratio of 76.43 and a beta of 0.24. The business’s 50-day moving average is C$25.93 and its two-hundred day moving average is C$25.62. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45.

Topaz Energy (TSE:TPZ) last issued its quarterly earnings results on Monday, November 3rd. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$76.44 million for the quarter. Topaz Energy had a return on equity of 5.15% and a net margin of 20.54%. On average, analysts anticipate that Topaz Energy Corp. will post 0.2019855 earnings per share for the current fiscal year.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.36 annualized dividend and a yield of 4.8%. Topaz Energy’s payout ratio is presently 362.16%.

Insiders Place Their Bets

In related news, Director Mike Rose bought 10,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of C$25.21 per share, for a total transaction of C$252,100.00. Following the completion of the acquisition, the director owned 443,470 shares in the company, valued at C$11,179,878.70. This trade represents a 2.31% increase in their ownership of the stock. Company 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.