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 business’s stock in a transaction dated 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 Trading Down 2.1 %

Shares of TPZ opened at C$25.05 on Friday. The business’s 50-day moving average price is C$27.21 and its 200-day moving average price is C$26.57. Topaz Energy Corp. has a twelve month low of C$18.59 and a twelve month high of C$29.51. The stock has a market cap of C$3.63 billion, a PE ratio of 67.70 and a beta of 0.50. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Monday, November 4th. The company reported C$0.12 earnings per share 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 period in the previous year, the business earned $0.07 EPS. On average, equities analysts forecast that Topaz Energy Corp. will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Friday, December 13th. Topaz Energy’s dividend payout ratio (DPR) is 356.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. CIBC boosted their price target on shares of Topaz Energy from C$31.00 to C$32.00 in a report on Friday, January 17th. National Bankshares boosted their price objective on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their price objective on Topaz Energy from C$30.00 to C$31.00 in a research note on Monday, December 16th. Raymond James set a C$34.00 price objective on Topaz Energy and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their price objective on Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Topaz Energy currently 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.