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

Topaz Energy Corp. (TSE:TPZ) declared a quarterly dividend on Monday, November 4th, Zacks reports. Investors of record on Friday, December 13th will be given a dividend of 0.33 per share on Tuesday, December 31st. This represents a $1.32 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, December 13th.

Topaz Energy Stock Up 1.4 %

TSE:TPZ traded up C$0.40 during trading hours on Wednesday, hitting C$28.05. The stock had a trading volume of 278,359 shares, compared to its average volume of 267,757. The business has a 50 day simple moving average of C$26.32 and a two-hundred day simple moving average of C$24.73. Topaz Energy has a 1-year low of C$18.03 and a 1-year high of C$28.13. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. The company has a market cap of C$4.06 billion, a PE ratio of 75.16 and a beta of 0.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. National Bankshares upped their target price on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Desjardins increased their price target on shares of Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Scotiabank upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group boosted their price target on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd. Finally, BMO Capital Markets increased their target price on shares of Topaz Energy from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.79.

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.