---
title: "TPZ.TO stock: Topaz Energy Corp. price, chart, valuation | ANALITICA}"
description: "Up 9.8% over the past year; the S&P/TSX Composite rose 20.0%. Market cap $4.48B; average daily dollar volume $18.2M over the past 3 months — High liquidity."
canonical: https://analiti.ca/t/TPZ.TO/
---

# Topaz Energy Corp. (TPZ.TO)

TSX: TPZ · TSX · Energy

Last close 28.90 (Nov 12, 2026), -0.120 (-0.4%). Market cap $4.48B.
52-week range 26.10 to 33.54.

## At a glance

- Up 9.8% over the past year; the S&P/TSX Composite rose 20.0%.
- P/E 23.1 — lower than 29% of Energy peers (89 companies).
- Market cap $4.48B; average daily dollar volume $18.2M over the past 3 months — High liquidity.
- Pays a 4.82% trailing dividend yield (as of 2026-11-12).
- Latest published plan: SHORT on 2026-10-07 at $28.11 — resolved LOSS -3.31% (full ladder).
- 1-year volatility 22.4% (annualized); largest fall from a peak over the past year -16.2%.

## Performance

| Period | Stock | Sector fund | Composite | Difference vs Composite |
| --- | ---: | ---: | ---: | ---: |
| 1W | +2.2% | +3.5% | +1.8% | +0.4% |
| 1M | -1.0% | -3.3% | +2.8% | -3.8% |
| 3M | -5.2% | +4.3% | -0.1% | -5.1% |
| 6M | -9.7% | +4.5% | +9.4% | -19.1% |
| YTD | +4.9% | +47.9% | +16.1% | -11.2% |
| 1Y | +9.8% | +47.5% | +20.0% | -10.2% |
| 3Y | +12.0% | +19.4% | +22.0% | -10.0% |
| 5Y | +10.1% | +21.7% | +10.5% | -0.4% |

3Y and 5Y are annualized. The Composite is proxied by XIU.TO.

## Risk and trading

- 1-year volatility (annualized): +22.4%
- Largest fall from a peak (1Y): -16.2% (May 19, 2026 to Oct 7, 2026)
- Beta (2Y weekly, vs Composite): 0.34
- Average daily volume (3M): 602,854
- Average daily dollar volume (3M): $18.2M
- Liquidity: High (High: $1M or more a day; Moderate: $100K or more; Low: under $100K.)

## Valuation

Valuation multiples are from the Nov 12, 2026 snapshot.

| Multiple | Value | Against sector peers |
| --- | ---: | --- |
| P/E (TTM) | 23.1 | Lower than 29% of peers (89 companies; median 14.5) |
| Earnings yield | 4.33% | — |
| P/B | 3.01 | Lower than 20% of peers (103 companies; median 1.9) |
| P/S | — | — |
| EV/EBITDA | 13.9 | Lower than 20% of peers (76 companies; median 6.7) |
| Dividend yield | 4.82% | — |
| Payout ratio | — | — |

## Financials

Reporting currency: CAD.

|  | 2022 | 2023 | 2024 | 2025 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $356.7M | $306.7M | $299.8M | $324.7M | $364.9M |
| Gross margin | 41.3% | 29.1% | 58.5% | 58.4% | — |
| Net income | $99.4M | $47.6M | $105.7M | $128.7M | $205.9M |
| Free cash flow | -$36.8M | $246.0M | -$161.6M | $178.1M | $240.4M |
| Diluted shares | 144,210,623 | 144,741,000 | 153,457,046 | 153,989,877 | — |

## Dividends and splits

Trailing dividend yield: 4.82% (snapshot Nov 12, 2026). Dividend history is not stored yet.

- No splits on record.

## Ownership and dilution

- Insider buys (90 days): 0
- Insider sells (90 days): 0
- Shares outstanding change (1Y): +0.3%
- Shares outstanding change (3Y): +6.8%
- Held by insiders: 7.32%
- Held by institutions: 37.76%

## Peers

- [XOM.TO](https://analiti.ca/t/XOM.TO/): 30.31, 1Y —, market cap $902.96B, P/E 17.5, EV/EBITDA —, dividend yield —, 1Y volatility +28.6%
- [CVX.TO](https://analiti.ca/t/CVX.TO/): 27.73, 1Y —, market cap $553.71B, P/E 16.0, EV/EBITDA —, dividend yield —, 1Y volatility +26.6%
- [CHEV.TO](https://analiti.ca/t/CHEV.TO/): 25.34, 1Y —, market cap $508.78B, P/E 17.8, EV/EBITDA —, dividend yield —, 1Y volatility —
- [ENB.TO](https://analiti.ca/t/ENB.TO/): 68.57, 1Y +1.3%, market cap $152.83B, P/E 23.8, EV/EBITDA 15.8, dividend yield 5.69%, 1Y volatility +18.0%
- [CNQ.TO](https://analiti.ca/t/CNQ.TO/): 70.04, 1Y +54.3%, market cap $142.54B, P/E 10.3, EV/EBITDA 7.0, dividend yield 3.59%, 1Y volatility +32.1%
- [SU.TO](https://analiti.ca/t/SU.TO/): 98.80, 1Y +60.1%, market cap $113.74B, P/E 10.5, EV/EBITDA 5.2, dividend yield 2.69%, 1Y volatility +29.3%
- [TRP.TO](https://analiti.ca/t/TRP.TO/): 92.04, 1Y +22.8%, market cap $95.88B, P/E 24.8, EV/EBITDA 16.7, dividend yield 3.83%, 1Y volatility +19.1%
- [IMO.TO](https://analiti.ca/t/IMO.TO/): 181.70, 1Y +34.9%, market cap $85.76B, P/E 14.5, EV/EBITDA 8.5, dividend yield 1.93%, 1Y volatility +29.7%

## analiti.ca history

8 published plans: 0 wins, 7 losses, 1 open; average -1.61% per resolved plan (full ladder).

- 2026-09-25 SHORT: entry 29.00, stop 30.10, first exit 28.26 — full ladder LOSS (-1.26%); first exit WIN (2.55%). Day page: https://analiti.ca/day/2026-09-25
- 2026-09-28 SHORT: entry 28.87, stop 29.96, first exit 28.14 — full ladder LOSS (-1.25%); first exit WIN (2.53%). Day page: https://analiti.ca/day/2026-09-28
- 2026-09-29 SHORT: entry 28.61, stop 29.67, first exit 27.90 — full ladder LOSS (-3.70%); first exit LOSS (-3.70%). Day page: https://analiti.ca/day/2026-09-29
- 2026-09-30 LONG: entry 28.66, stop 27.62, first exit 29.35 — full ladder LOSS (-0.38%); first exit SCRATCH (-0.38%). Day page: https://analiti.ca/day/2026-09-30
- 2026-10-02 SHORT: entry 28.33, stop 29.30, first exit 27.69 — full ladder LOSS (-3.42%); first exit LOSS (-3.42%). Day page: https://analiti.ca/day/2026-10-02
- 2026-10-05 LONG: entry 28.55, stop 27.58, first exit 29.20 — full ladder OPEN (3.75%); first exit WIN (2.28%). Day page: https://analiti.ca/day/2026-10-05
- 2026-10-06 SHORT: entry 28.50, stop 29.44, first exit 27.88 — full ladder LOSS (-3.30%); first exit LOSS (-3.30%). Day page: https://analiti.ca/day/2026-10-06
- 2026-10-07 SHORT: entry 28.11, stop 29.04, first exit 27.49 — full ladder LOSS (-3.31%); first exit LOSS (-3.31%). Day page: https://analiti.ca/day/2026-10-07

Superstock score: none published. Sector condition: Energy — Leading (as of Nov 5, 2026).

## Key dates

- Next earnings: not available — no company release or exchange notice in the stored data
- Last earnings: Jul 26, 2026, EPS 0.29
- Next ex-dividend: not available

## Sources and data notes

- prices, chart, performance, risk: daily_prices (Yahoo) (as of Nov 12, 2026)
- valuation, market cap, ownership: yahoo_key_stats snapshot (as of Nov 12, 2026)
- financials: financials (Yahoo) (as of Jun 30, 2026)
- plans, resolutions: published entries-*.json + track-record.json (as of Nov 12, 2026)
- insiders: insider_trades (SEDI filings) (as of Nov 12, 2026)
- splits: Split inventory (interim table) (as of Nov 5, 2026)
- sector condition: conditions-2026-11-05.json (as of Nov 5, 2026)
- Superstock score: superstock_checks + superstock.json (as of Nov 12, 2026)

Not available rules: a field older than its freshness limit shows "not available", never a stale number — prices, 3 trading days; fundamentals, 120 days after the fiscal period end plus 45 days.

Data file: https://analiti.ca/data/t/TPZ.TO.json

Facts and published history only. Plans are generated by a quant model.