Topaz Energy (TSE:TPZ) Price Target Lowered to C$30.00 at Jefferies Financial Group

Topaz Energy (TSE:TPZ) had its price target trimmed by Jefferies Financial Group from C$31.00 to C$30.00 in a research report report published on Tuesday,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on TPZ. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a report on Friday, November 28th. Raymond James Financial increased their price objective on shares of Topaz Energy from C$32.00 to C$34.00 in a research report on Tuesday, December 9th. Finally, National Bankshares set a C$33.50 target price on Topaz Energy and gave the company an “outperform” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$31.40.

Topaz Energy Trading Down 1.2%

Shares of TPZ stock opened at C$27.13 on Tuesday. Topaz Energy has a fifty-two week low of C$21.00 and a fifty-two week high of C$29.17. 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 stock has a 50 day simple moving average of C$27.47 and a two-hundred day simple moving average of C$26.12. The company has a market cap of C$4.17 billion, a P/E ratio of 73.32 and a beta of 0.16.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.10 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%. Research analysts forecast that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.36 annualized dividend and a yield of 5.0%. Topaz Energy’s dividend payout ratio (DPR) is presently 362.16%.

Insider Transactions at Topaz Energy

In related news, Director Mike Rose acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of C$25.21 per share, with a total value of C$252,100.00. Following the acquisition, the director owned 443,470 shares of the company’s stock, valued at approximately C$11,179,878.70. This trade represents a 2.31% increase in their position. Company insiders own 35.66% of the company’s stock.

Topaz Energy Company Profile

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. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.