Topaz Energy (TSE:TPZ) Trading Up 0.9%

Topaz Energy Corp. (TSE:TPZGet Free Report)’s stock price was up 0.9% during mid-day trading on Thursday . The stock traded as high as C$23.13 and last traded at C$22.93. Approximately 182,017 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 279,606 shares. The stock had previously closed at C$22.73.

Analyst Upgrades and Downgrades

TPZ has been the topic of a number of recent research reports. TD Securities lifted their target price on Topaz Energy from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Royal Bank of Canada lifted their target price on Topaz Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Jefferies Financial Group set a C$23.00 target price on Topaz Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. CIBC lifted their price objective on Topaz Energy from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets set a C$27.00 price objective on Topaz Energy and gave the company an “outperform” rating in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$26.88.

Get Our Latest Analysis on TPZ

Topaz Energy Stock Performance

The stock has a 50 day moving average price of C$22.52 and a two-hundred day moving average price of C$20.76. The company has a current ratio of 2.47, a quick ratio of 7.17 and a debt-to-equity ratio of 30.43. The company has a market cap of C$3.32 billion, a price-to-earnings ratio of 71.66 and a beta of 0.50.

Topaz Energy (TSE:TPZGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The company had revenue of C$70.88 million during the quarter, compared to analyst estimates of C$78.00 million. Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%. Analysts predict that Topaz Energy Corp. will post 0.198902 EPS for the current year.

Topaz Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Friday, June 14th. Topaz Energy’s dividend payout ratio is currently 400.00%.

Insider Activity at Topaz Energy

In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total transaction of C$4,470,000.00. 35.66% of the stock is owned by corporate insiders.

About Topaz Energy

(Get Free Report)

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.

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