Topaz Energy Corp. (TSE:TPZ) Declares $0.33 Quarterly Dividend

Topaz Energy Corp. (TSE:TPZ) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.33 per share on Monday, March 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Friday, March 14th.

Topaz Energy Stock Performance

TPZ traded up C$0.27 on Wednesday, hitting C$23.82. 43,282 shares of the company traded hands, compared to its average volume of 386,659. The company has a 50 day moving average of C$25.87 and a 200-day moving average of C$26.50. Topaz Energy has a 12-month low of C$21.32 and a 12-month high of C$29.51. The stock has a market capitalization of C$3.65 billion, a PE ratio of 55.93 and a beta of 0.50. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45.

Insider Transactions at Topaz Energy

In other Topaz Energy news, Senior Officer Cheree Stephenson acquired 2,110 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was purchased at an average price of C$23.68 per share, with a total value of C$49,964.80. Also, Director Stephen Phillip Larke sold 100,000 shares of the stock in a transaction 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. Insiders own 35.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TPZ shares. Jefferies Financial Group raised their target price on shares of Topaz Energy from C$30.00 to C$31.00 in a research note on Monday, December 16th. Scotiabank lifted their price objective on Topaz Energy from C$35.00 to C$36.00 in a report on Friday, January 17th. Finally, CIBC upped their price objective on Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Topaz Energy has an average rating of “Moderate Buy” and an average 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.