Analysts Set Topaz Energy Corp. (TSE:TPZ) Price Target at C$33.28

Topaz Energy Corp. (TSE:TPZ) has earned an average recommendation of “Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$33.28.

Several analysts have issued reports on TPZ shares. Desjardins upped their price objective on Topaz Energy from C$31.00 to C$32.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial cut Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 price objective on the stock. in a research note on Monday, March 30th. Canadian Imperial Bank of Commerce upped their price objective on Topaz Energy from C$29.00 to C$33.50 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. ATB Cormark Capital Markets upped their price objective on Topaz Energy from C$31.00 to C$33.00 and gave the company a “moderate buy” rating in a research note on Wednesday, February 25th. Finally, TD Securities increased their price target on Topaz Energy from C$30.00 to C$33.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th.

Topaz Energy Price Performance

Shares of TSE TPZ opened at C$29.60 on Thursday. The business has a 50-day moving average of C$30.65 and a 200-day moving average of C$28.22. Topaz Energy has a 1-year low of C$22.78 and a 1-year high of C$32.46. The company has a market capitalization of C$4.58 billion, a price-to-earnings ratio of 35.66 and a beta of 0.20. The company has a debt-to-equity ratio of 37.54, a current ratio of 11.26 and a quick ratio of 7.17.

Topaz Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.34 per share. The ex-dividend date was Friday, March 13th. This represents a $1.36 dividend on an annualized basis and a yield of 4.6%. Topaz Energy’s payout ratio is currently 162.65%.

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. 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.