Topaz Energy Corp. (TSE:TPZ - Get Free Report) Senior Officer Cheree Stephenson bought 2,110 shares of Topaz Energy stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of C$23.68 per share, with a total value of C$49,964.80.
Topaz Energy Stock Up 0.6 %
TSE TPZ opened at C$23.50 on Friday. The stock has a market cap of C$3.60 billion, a PE ratio of 55.18 and a beta of 0.50. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. Topaz Energy Corp. has a twelve month low of C$20.78 and a twelve month high of C$29.51. The firm has a 50-day simple moving average of C$26.12 and a 200 day simple moving average of C$26.56.
Topaz Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Friday, March 14th. Topaz Energy's dividend payout ratio is 309.94%.
Wall Street Analyst Weigh In
TPZ has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th. Scotiabank upped their price target on shares of Topaz Energy from C$35.00 to C$36.00 in a research note on Friday, January 17th. Finally, CIBC upped their price target on shares of Topaz Energy from C$31.00 to C$32.00 in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$31.54.
View Our Latest Stock Analysis on TPZ
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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