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 stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of C$26.10, for a total value of C$2,610,000.00.

Topaz Energy Stock Down 0.8 %

Shares of TPZ stock opened at C$25.59 on Friday. The company’s fifty day simple moving average is C$27.30 and its two-hundred day simple moving average is C$26.58. Topaz Energy Corp. has a 52 week low of C$18.59 and a 52 week high of C$29.51. The stock has a market cap of C$3.71 billion, a P/E ratio of 69.16 and a beta of 0.50. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52.

Topaz Energy (TSE:TPZ) last posted its earnings results on Monday, November 4th. The company reported C$0.12 EPS for the quarter, topping 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 period in the prior year, the company earned $0.07 EPS. Analysts predict that Topaz Energy Corp. will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.16%. Topaz Energy’s dividend payout ratio is currently 356.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TPZ. Royal Bank of Canada raised their target price on shares of Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. Raymond James set a C$34.00 target price on Topaz Energy and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lifted their price target on Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th. Finally, TD Securities increased their price objective on shares of Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.