Topaz Energy Corp. (TSE:TPZ) Senior Officer Cheree Stephenson Acquires 2,110 Shares

Topaz Energy Corp. (TSE:TPZ) Senior Officer Cheree Stephenson purchased 2,110 shares of the stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of C$23.68 per share, for a total transaction of C$49,964.80.

Topaz Energy Price Performance

TPZ opened at C$23.50 on Monday. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45. Topaz Energy Corp. has a 12 month low of C$20.78 and a 12 month high of C$29.51. The company has a fifty day simple moving average of C$26.05 and a 200 day simple moving average of C$26.54. The stock has a market cap of C$3.60 billion, a P/E ratio of 55.18 and a beta of 0.50.

Topaz Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, March 14th. Topaz Energy’s dividend payout ratio is currently 309.94%.

Wall Street Analyst Weigh In

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