Key Points
- Director Mike Rose bought 10,000 shares at an average price of C$25.21 (C$252,100), increasing his stake to 443,470 shares (a 2.31% rise) valued at about C$11.18M.
- Topaz pays a quarterly dividend of C$0.34 (annualized C$1.36) for a yield of 5.4%, though its dividend payout ratio is very high at 362.16%.
- Analysts have raised targets (Jefferies and Raymond James), with an average price target of C$31.70 and an average rating of "Buy".
Topaz Energy Corp. (TSE:TPZ - Get Free Report) Director Mike Rose purchased 10,000 shares of Topaz Energy stock in a transaction on Friday, November 7th. The shares were acquired at an average price 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 in the company, valued at C$11,179,878.70. This trade represents a 2.31% increase in their position.
Topaz Energy Price Performance
Shares of TPZ opened at C$25.37 on Friday. Topaz Energy Corp. has a one year low of C$21.00 and a one year high of C$29.51. The stock's fifty day moving average is C$25.36 and its 200-day moving average is C$25.24. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. The firm has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 68.57 and a beta of 0.24.
Topaz Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.36 annualized dividend and a yield of 5.4%. Topaz Energy's dividend payout ratio (DPR) is presently 362.16%.
Analysts Set New Price Targets
TPZ has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd. Raymond James Financial boosted their target price on Topaz Energy from C$31.00 to C$32.00 in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$31.70.
Read Our Latest Research Report on TPZ
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.
Further Reading
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