Topaz Energy Corp. (TPZ) to Issue Quarterly Dividend of $0.33 on March 31st

Topaz Energy Corp. (TSE:TPZ) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Shareholders 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 5.52%. The ex-dividend date is Friday, March 14th.

Topaz Energy Stock Up 1.6 %

TPZ traded up C$0.37 during trading on Wednesday, hitting C$23.92. The company had a trading volume of 66,493 shares, compared to its average volume of 386,942. The company has a market cap of C$3.66 billion, a PE ratio of 56.17 and a beta of 0.50. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. Topaz Energy has a 1-year low of C$21.32 and a 1-year high of C$29.51. The business has a 50-day moving average of C$25.87 and a 200-day moving average of C$26.50.

Insider Activity

In other news, Senior Officer Cheree Stephenson bought 2,110 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average cost 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 firm’s stock in a transaction on Monday, January 27th. The shares were 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TPZ shares. CIBC raised their price target on shares of Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. Scotiabank boosted their price target on Topaz Energy from C$35.00 to C$36.00 in a research report on Friday, January 17th. Finally, Jefferies Financial Group boosted their price target on shares of Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.