Topaz Energy Corp. (TSE:TPZ) to Issue Quarterly Dividend of $0.34

Topaz Energy Corp. (TSE:TPZ) announced a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.34 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, March 13th.

Topaz Energy Trading Up 0.5%

Shares of TPZ traded up C$0.17 during trading hours on Wednesday, hitting C$31.19. 343,331 shares of the stock traded hands, compared to its average volume of 560,101. The business has a fifty day moving average of C$28.82 and a 200-day moving average of C$27.15. The firm has a market capitalization of C$4.82 billion, a PE ratio of 37.58 and a beta of 0.21. Topaz Energy has a 1-year low of C$21.00 and a 1-year high of C$32.16. The company has a current ratio of 11.26, a quick ratio of 7.17 and a debt-to-equity ratio of 37.54.

Analyst Upgrades and Downgrades

TPZ has been the subject of several recent research reports. TD Securities boosted their price objective on Topaz Energy from C$30.00 to C$33.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Jefferies Financial Group lowered their price target on shares of Topaz Energy from C$31.00 to C$30.00 in a research report on Tuesday, January 20th. ATB Cormark Capital Markets boosted their price target on shares of Topaz Energy from C$31.00 to C$33.00 and gave the stock a “moderate buy” rating in a research note on Wednesday, February 25th. Desjardins increased their price objective on shares of Topaz Energy from C$31.00 to C$32.50 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, National Bank Financial set a C$33.50 price objective on shares of Topaz Energy and gave the company an “outperform” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, Topaz Energy has an average rating of “Buy” and an average target price of C$33.28.

Topaz Energy Company Profile

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.