Topaz Energy (TSE:TPZ) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Topaz Energy (TSE:TPZ) had its target price hoisted by Jefferies Financial Group from C$30.00 to C$31.00 in a report published on Monday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Desjardins raised their price objective on Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group lifted their price objective on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd. National Bankshares boosted their price target on shares of Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Scotiabank raised their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, CIBC increased their price target on shares of Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.38.

Topaz Energy Price Performance

Topaz Energy stock opened at C$26.21 on Monday. The stock has a market cap of C$3.80 billion, a price-to-earnings ratio of 70.84 and a beta of 0.50. The firm has a 50-day moving average of C$27.49 and a two-hundred day moving average of C$25.81. Topaz Energy has a 1 year low of C$18.59 and a 1 year high of C$29.51. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17.

Topaz Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.33 per share. The ex-dividend date is Friday, December 13th. This represents a $1.32 annualized dividend and a yield of 5.04%. Topaz Energy’s dividend payout ratio is presently 356.76%.

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.