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 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 transaction of C$2,610,000.00.

Topaz Energy Stock Performance

Shares of TSE:TPZ opened at C$25.80 on Thursday. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12. The firm has a market cap of C$3.74 billion, a PE ratio of 69.73 and a beta of 0.50. The firm’s 50 day simple moving average is C$27.36 and its 200-day simple moving average is C$26.59. Topaz Energy Corp. has a one year low of C$18.59 and a one year high of C$29.51.

Topaz Energy (TSE:TPZ) last issued 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 return on equity of 4.39% and a net margin of 16.70%. During the same quarter last year, the firm posted $0.07 earnings per share. As a group, equities analysts predict that Topaz Energy Corp. will post 0.2019855 EPS for the current year.

Topaz Energy Dividend Announcement

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

Analyst Ratings Changes

TPZ has been the subject of a number of analyst reports. TD Securities increased their price target on shares of Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised their price objective on Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group boosted their target price on Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price target on Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th. Finally, Scotiabank increased their target price on shares of Topaz Energy from C$35.00 to C$36.00 in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.