Topaz Energy (TSE:TPZ) Price Target Raised to C$34.00

by · The Cerbat Gem

Topaz Energy (TSE:TPZ – Free Report) had its price objective hoisted by Raymond James Financial from C$32.00 to C$34.00 in a research note released on Tuesday morning,BayStreet.CA reports.

Separately, Scotiabank raised Topaz Energy to a “strong-buy” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, Topaz Energy has an average rating of “Strong Buy” and a consensus price target of C$32.10.

Check Out Our Latest Report on TPZ

Topaz Energy Trading Down 1.2%

TSE TPZ opened at C$28.16 on Tuesday. Topaz Energy has a 12 month low of C$21.00 and a 12 month high of C$29.17. The stock has a market capitalization of C$4.33 billion, a P/E ratio of 76.11 and a beta of 0.29. The firm’s 50-day moving average is C$26.35 and its two-hundred day moving average is C$25.83. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17.

Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The company reported C$0.10 earnings per share for the quarter. Topaz Energy had a net margin of 20.54% and a return on equity of 5.15%. The firm had revenue of C$76.44 million during the quarter. On average, sell-side analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, December 15th. Topaz Energy’s dividend payout ratio (DPR) is 362.16%.

Insider Activity

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

Topaz Energy Company Profile

(Get Free Report)

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.

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