Stephen Phillip Larke Sells 100,000 Shares of Topaz Energy Corp. (TSE:TPZ) Stock

Topaz Energy Corp. (TSE:TPZ) Director Stephen Phillip Larke sold 100,000 shares of the company’s 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.

Topaz Energy Trading Up 0.3 %

Shares of Topaz Energy stock traded up C$0.08 during midday trading on Wednesday, reaching C$25.80. 241,224 shares of the company’s stock traded hands, compared to its average volume of 318,603. The company has a market cap of C$3.74 billion, a PE ratio of 69.73 and a beta of 0.50. The stock has a 50 day moving average of C$27.36 and a 200-day moving average of C$26.59. Topaz Energy Corp. has a 12 month low of C$18.59 and a 12 month high of C$29.51. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12.

Topaz Energy (TSE:TPZ) last announced its earnings results on Monday, November 4th. The company reported C$0.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $0.07 EPS. As a group, equities analysts expect that Topaz Energy Corp. will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Friday, December 13th. Topaz Energy’s payout ratio is 356.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TPZ shares. TD Securities increased their target price on shares of Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Scotiabank upped their price target on Topaz Energy from C$35.00 to C$36.00 in a research report on Friday, January 17th. Jefferies Financial Group lifted their price objective on Topaz Energy from C$30.00 to C$31.00 in a research note on Monday, December 16th. Royal Bank of Canada raised their price objective on shares of Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 6th. Finally, CIBC increased their price target on shares of Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.