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

Topaz Energy Corp. (TSE:TPZ) announced 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 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Friday, March 14th.

Topaz Energy Price Performance

TSE:TPZ traded up C$0.44 during trading hours on Wednesday, reaching C$23.99. The stock had a trading volume of 76,618 shares, compared to its average volume of 387,633. The stock has a market capitalization of C$3.67 billion, a PE ratio of 56.33 and a beta of 0.50. Topaz Energy has a 52 week low of C$21.32 and a 52 week high of C$29.51. The company has a 50 day moving average price of C$25.87 and a two-hundred day moving average price of C$26.50. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89.

Insider Buying and Selling at Topaz Energy

In other news, Senior Officer Cheree Stephenson acquired 2,110 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were 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 shares were sold at an average price of C$26.10, for a total value of C$2,610,000.00. 35.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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