Topaz Energy Corp. (TSE:TPZ) Director Stephen Phillip Larke Sells 100,000 Shares

Topaz Energy Corp. (TSE:TPZ) Director Stephen Phillip Larke sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of C$26.10, for a total transaction of C$2,610,000.00.

Topaz Energy Stock Performance

Shares of TSE:TPZ traded up C$0.08 on Wednesday, reaching C$25.80. 241,224 shares of the company’s stock were exchanged, compared to its average volume of 318,603. Topaz Energy Corp. has a twelve month low of C$18.59 and a twelve month high of C$29.51. The company has a fifty day moving average of C$27.36 and a 200-day moving average of C$26.59. The company has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 69.73 and a beta of 0.50. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings results on Monday, November 4th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.01. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. During the same quarter in the prior year, the firm earned $0.07 earnings per share. On average, research analysts predict that Topaz Energy Corp. will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Friday, December 13th. Topaz Energy’s payout ratio is presently 356.76%.

Wall Street Analysts Forecast Growth

TPZ has been the subject of several research analyst reports. TD Securities boosted their price objective on Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th. Royal Bank of Canada boosted their price objective on shares of Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 6th. Canaccord Genuity Group lifted their price target on Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. Finally, CIBC boosted their price target on Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Topaz Energy has an average rating of “Moderate Buy” and a consensus price target of C$31.54.

About Topaz Energy

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.