Topaz Energy Corp. (TSE:TPZ) Senior Officer Acquires C$49,964.80 in Stock

Topaz Energy Corp. (TSE:TPZ) 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 Price Performance

TSE TPZ opened at C$23.50 on Monday. Topaz Energy Corp. has a fifty-two week low of C$20.78 and a fifty-two week high of C$29.51. The stock’s 50-day moving average is C$26.05 and its two-hundred day moving average is C$26.54. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. The firm has a market cap of C$3.60 billion, a P/E ratio of 55.18 and a beta of 0.50.

Topaz Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, March 14th. Topaz Energy’s dividend payout ratio is currently 309.94%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TPZ shares. 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. CIBC increased their price objective on Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. Finally, Scotiabank increased their price objective on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Topaz Energy currently has an average rating of “Moderate Buy” and an average price target of C$31.54.

Topaz Energy Company Profile

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.