Topaz Energy (TSE:TPZ) PT Lowered to C$27.00 at Ci Capital

Topaz Energy (TSE:TPZGet Rating) had its price target lowered by Ci Capital from C$29.00 to C$27.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. ATB Capital lifted their price target on shares of Topaz Energy from C$30.00 to C$32.00 and gave the company a strong-buy rating in a research note on Tuesday, November 15th. Raymond James reduced their price objective on shares of Topaz Energy from C$30.00 to C$28.00 and set a strong-buy rating on the stock in a report on Monday. Scotiabank cut their price target on shares of Topaz Energy from C$33.00 to C$32.00 in a research note on Tuesday. Royal Bank of Canada boosted their price target on shares of Topaz Energy from C$29.00 to C$30.00 and gave the stock an outperform rating in a research note on Wednesday, November 2nd. Finally, Stifel Firstegy reissued a buy rating on shares of Topaz Energy in a research report on Thursday, January 12th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of C$29.44.

Topaz Energy Stock Up 0.5 %

Shares of Topaz Energy stock opened at C$21.94 on Tuesday. The company has a debt-to-equity ratio of 34.84, a current ratio of 8.06 and a quick ratio of 7.17. Topaz Energy has a 1 year low of C$16.90 and a 1 year high of C$24.80. The firm’s 50-day moving average is C$22.04 and its two-hundred day moving average is C$21.44. The stock has a market cap of C$3.16 billion and a price-to-earnings ratio of 31.80.

Topaz Energy (TSE:TPZGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported C$0.13 earnings per share for the quarter. The firm had revenue of C$81.68 million during the quarter. As a group, research analysts expect that Topaz Energy will post 0.86 earnings per share for the current fiscal year.

Topaz Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Wednesday, December 14th. This is a boost from Topaz Energy’s previous quarterly dividend of $0.28. Topaz Energy’s dividend payout ratio is 150.72%.

Insiders Place Their Bets

In other Topaz Energy news, Senior Officer Cheree Stephenson sold 2,000 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of C$22.90, for a total value of C$45,800.00. Following the completion of the transaction, the insider now owns 23,000 shares in the company, valued at C$526,700. In other Topaz Energy news, Senior Officer Cheree Stephenson sold 2,000 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of C$22.90, for a total value of C$45,800.00. Following the sale, the insider now owns 23,000 shares of the company’s stock, valued at C$526,700. Also, Director Mike Rose acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 28th. The shares were bought at an average cost of C$21.00 per share, for a total transaction of C$209,984.00. Following the purchase, the director now owns 443,470 shares of the company’s stock, valued at C$9,312,160.45. Over the last quarter, insiders sold 7,622 shares of company stock worth $177,739.

About Topaz Energy

(Get Rating)

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.

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Analyst Recommendations for Topaz Energy (TSE:TPZ)

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