Topaz Energy Corp. (TSE:TPZ - Get Free Report) Director Stephen Phillip Larke sold 200,000 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total value of C$4,470,000.00.
Topaz Energy Trading Down 0.3 %
TSE:TPZ opened at C$22.30 on Friday. The company has a market cap of C$3.23 billion, a P/E ratio of 67.58 and a beta of 0.48. The stock's fifty day moving average price is C$20.31 and its two-hundred day moving average price is C$20.36. Topaz Energy Corp. has a 1 year low of C$18.03 and a 1 year high of C$22.55. The company has a debt-to-equity ratio of 31.49, a current ratio of 8.52 and a quick ratio of 7.17.
Topaz Energy (TSE:TPZ - Get Free Report) last posted its earnings results on Monday, March 4th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.06 by C$0.07. The firm had revenue of C$82.78 million for the quarter, compared to the consensus estimate of C$79.00 million. Topaz Energy had a return on equity of 3.66% and a net margin of 14.82%. As a group, analysts expect that Topaz Energy Corp. will post 0.2308671 EPS for the current year.
Topaz Energy Increases Dividend
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Topaz Energy's previous quarterly dividend of $0.31. Topaz Energy's dividend payout ratio (DPR) is 387.88%.
Analyst Ratings Changes
A number of brokerages have commented on TPZ. Scotiabank decreased their price objective on Topaz Energy from C$32.00 to C$30.00 and set an "outperform" rating for the company in a report on Tuesday, January 16th. ATB Capital reduced their target price on Topaz Energy from C$32.00 to C$30.00 in a report on Tuesday, January 2nd. CIBC reduced their target price on Topaz Energy from C$26.50 to C$24.00 and set an "outperform" rating for the company in a report on Tuesday, January 16th. Raymond James reduced their target price on Topaz Energy from C$27.00 to C$25.00 and set a "strong-buy" rating for the company in a report on Friday, January 19th. Finally, Canaccord Genuity Group upped their target price on Topaz Energy from C$27.50 to C$28.50 and gave the company a "buy" rating in a report on Tuesday, March 5th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$26.55.
View Our Latest Stock Report on TPZ
Topaz Energy Company Profile
(
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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