TPZ.TO
Topaz Energy Corp.
TorontoCADEQUITY
Energy
DELAYED
Last price
32.13
▲ 0.12 (0.37%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
31.97
Prev close
32.01
Day high
32.32
Day low
31.33
Volume
1.16M
Market cap
$4.98B
P/E (TTM)
34.55
52W range
24.37 – 33.91
Day trading desk
Gap from prior close
-0.12%
Prior close 32.01
VWAP
32.13
+0.01% from price
Relative volume
2.99×
Unusually busy
Session range
3.16%
31.33 – 32.32
Position in range
81%
Near session high
ATR (14D)
0.63
1.95% of price
Prior day high
32.03
PDH
Prior day low
31.51
PDL
Bid / ask spread
—
Quote not published
Session volume
1.51M
Avg 506.38K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+4.49%
+5.9%
1M
-1.41%
-5.1%
3M
-3.31%
-6.4%
6M
+7.24%
-3.8%
YTD
+16.67%
+4.4%
1Y
+29.30%
+9.3%
3Y
+46.71%
-27.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on TPZ.TO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
26.41M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 30, 26 | Rose (Mike) Director of Issuer |
EXERCISE | 200.00K | $4.49M | Direct |
| Jun 17, 26 | Davidson (Jim) Director of Issuer |
— | 33.33K | — | Direct |
| Apr 8, 26 | Rose (Mike) Director of Issuer |
BUY | 10.00K | $214.80K | Direct |
| Apr 2, 26 | Harris (Darlene Gay) Director of Issuer |
— | 24.50K | — | Direct |
| Mar 19, 26 | Staples (Marty) Senior Officer of Issuer |
— | 30.00K | — | Direct |
| Jan 6, 26 | Staples (Marty) Senior Officer of Issuer |
— | 116.86K | — | Direct |
| Jan 6, 26 | Staples (Marty) Senior Officer of Issuer |
— | 5.56K | — | Direct |
| Jan 6, 26 | Stephenson (Cheree) Senior Officer of Issuer |
— | 50.00K | — | Direct |
| Dec 1, 25 | Stephenson (Cheree) Senior Officer of Issuer |
BUY | 23.64K | $469.81K | Direct |
| Dec 1, 25 | Staples (Marty) Senior Officer of Issuer |
BUY | 28.77K | $571.63K | Direct |
| Nov 24, 25 | Stephenson (Cheree) Senior Officer of Issuer |
BUY | 105 | $2.04K | Indirect |
| Nov 10, 25 | Rose (Mike) Director of Issuer |
BUY | 5.00K | $90.32K | Direct |
| Nov 7, 25 | Rose (Mike) Director of Issuer |
BUY | 10.00K | $179.44K | Direct |
| Nov 6, 25 | Harris (Darlene Gay) Director of Issuer |
— | 18.15K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Davidson (Jim) |
Director of Issuer | 158.73K | Exercise of options |
Harris (Darlene Gay) |
Director of Issuer | 92.57K | Exercise of options |
Rose (Mike) |
Director of Issuer | 658.47K | Exercise of options |
Staples (Marty) |
Senior Officer of Issuer | 524.30K | Exercise of options |
Stephenson (Cheree) |
Senior Officer of Issuer | 362.21K | Exercise of rights |
Fundamentals
Market cap$4.98B
Enterprise value$5.52B
Revenue (TTM)$154.28M
Gross profit$148.83M
EBITDA—
Net income$-1.38M
EPS (TTM)$0.93
Free cash flow—
Total cash$1.23M
Total debt$545.39M
Book value / share$9.72
Shares outstanding154.85M
Float72.09M
Short % of float—
Dividend yield4.36%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E34.55
Forward P/E25.91
PEG ratio—
Price / sales—
Price / book3.30
EV / revenue35.79
EV / EBITDA—
Gross margin96.47%
Operating margin68.32%
Profit margin15.05%
Return on equity—
Return on assets—
Debt / equity36.22
Current ratio7.01
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $324.72M | $299.80M | $306.69M | $356.74M | +8.3% |
| Operating revenue | $324.72M | $299.80M | $306.69M | $356.74M | +8.3% |
| Cost of revenue | $135.13M | $124.56M | $217.39M | $209.46M | +8.5% |
| Gross profit | $189.59M | $175.24M | $89.30M | $147.28M | +8.2% |
| Selling, general & admin | $18.15M | $14.94M | $11.58M | $9.96M | +21.5% |
| Total operating expense | $24.88M | $22.45M | $18.61M | $16.45M | +10.8% |
| Operating income | $164.71M | $152.79M | $70.69M | $130.83M | +7.8% |
| Net interest income | -$26.80M | -$27.92M | -$29.81M | -$14.18M | +4.0% |
| Pre-tax income | $171.04M | $140.52M | $68.93M | $127.82M | +21.7% |
| Tax provision | $42.30M | $34.86M | $21.29M | $28.46M | +21.3% |
| Net income | $128.74M | $105.66M | $47.64M | $99.36M | +21.8% |
| Net income to common | $128.74M | $105.66M | $47.64M | $99.36M | +21.8% |
| Basic EPS | 0.84 | 0.72 | 0.33 | 0.70 | +16.7% |
| Diluted EPS | 0.83 | 0.72 | 0.33 | 0.69 | +15.3% |
| EBIT | $197.26M | $167.98M | $98.03M | $141.42M | +17.4% |
| EBITDA | $332.39M | $292.54M | $315.42M | $350.87M | +13.6% |
| Basic shares | 153.81M | 146.52M | 144.49M | 142.55M | +5.0% |
| Diluted shares | 154.42M | 147.13M | 145.37M | 143.30M | +5.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $580.00K | $147.00K | $3.46M | $0 | +294.6% |
| Cash & short-term investments | $580.00K | $147.00K | $3.46M | $6.24M | +294.6% |
| Accounts receivable | $55.62M | $52.48M | $47.34M | $62.47M | +6.0% |
| Total current assets | $61.45M | $64.02M | $60.38M | $69.47M | -4.0% |
| Property, plant & equipment | $2.16B | $2.16B | $1.84B | $1.74B | +0.1% |
| Total assets | $2.22B | $2.22B | $1.90B | $1.84B | -0.1% |
| Total current liabilities | $5.46M | $12.26M | $7.08M | $4.52M | -55.5% |
| Long-term debt | $570.77M | $540.40M | $391.64M | $464.58M | +5.6% |
| Total debt | $570.77M | $540.40M | $391.64M | $464.58M | +5.6% |
| Total liabilities | $701.24M | $641.29M | $450.50M | $473.44M | +9.3% |
| Retained earnings | -$295.31M | -$216.36M | -$130.85M | -$208.50M | -36.5% |
| Shareholder equity | $1.52B | $1.58B | $1.45B | $1.36B | -3.9% |
| Working capital | $56.00M | $51.76M | $53.30M | $64.95M | +8.2% |
| Net tangible assets | $1.52B | $1.58B | $1.45B | $1.36B | -3.9% |
| Shares issued | 153.99M | 153.46M | 144.74M | 144.21M | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $128.74M | $105.66M | $47.64M | $99.36M | +21.8% |
| Stock-based compensation | $7.34M | $5.36M | $3.20M | $1.48M | +36.9% |
| Change in working capital | -$4.00M | -$3.05M | $14.27M | -$15.88M | -31.3% |
| Operating cash flow | $308.76M | $276.27M | $300.58M | $317.88M | +11.8% |
| Capital expenditure | -$130.70M | -$437.90M | -$54.54M | -$354.69M | +70.2% |
| Investing cash flow | -$132.19M | -$439.99M | -$51.96M | -$354.10M | +70.0% |
| Dividends paid | -$207.69M | -$191.17M | -$176.32M | -$157.29M | -8.6% |
| Financing cash flow | -$176.14M | $160.41M | -$245.16M | $36.22M | -209.8% |
| Free cash flow | $178.06M | -$161.63M | $246.03M | -$36.81M | +210.2% |
| End cash position | $580.00K | $147.00K | $3.46M | $0 | +294.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $109.67M | $92.25M | $84.40M | $78.53M | $88.27M | +18.9% |
| Operating revenue | $109.67M | $92.25M | $84.40M | $78.53M | $88.27M | +18.9% |
| Cost of revenue | $34.21M | $33.68M | -$22.12M | $34.59M | $33.65M | +1.6% |
| Gross profit | $75.46M | $58.58M | $106.52M | $43.95M | $54.62M | +28.8% |
| Selling, general & admin | $3.26M | $3.39M | $8.12M | $3.10M | $3.41M | -3.7% |
| Total operating expense | $5.19M | $5.19M | $9.20M | $5.35M | $5.22M | -0.1% |
| Operating income | $70.27M | $53.38M | $97.32M | $38.60M | $49.40M | +31.6% |
| Net interest income | -$6.00M | -$5.87M | -$6.63M | -$6.44M | -$6.95M | -2.2% |
| Pre-tax income | $69.98M | $43.92M | $97.89M | $56.41M | $37.21M | +59.3% |
| Tax provision | $17.50M | $9.88M | $20.95M | $13.95M | $9.20M | +77.1% |
| Net income | $52.48M | $34.04M | $76.94M | $42.46M | $28.01M | +54.2% |
| Net income to common | $52.48M | $34.04M | $76.94M | $42.46M | $28.01M | +54.2% |
| Basic EPS | 0.34 | 0.22 | — | 0.28 | 0.18 | +54.5% |
| Diluted EPS | 0.34 | 0.22 | — | 0.28 | 0.18 | +54.5% |
| EBIT | $75.81M | $49.65M | $104.38M | $62.68M | $44.07M | +52.7% |
| EBITDA | $110.02M | $83.32M | $104.38M | $97.27M | $77.72M | +32.0% |
| Basic shares | 154.81M | 154.61M | — | 153.77M | 153.77M | +0.1% |
| Diluted shares | 155.43M | 155.27M | — | 154.40M | 154.43M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.23M | $997.00K | $580.00K | $306.00K | $0 | +23.7% |
| Cash & short-term investments | $1.23M | $997.00K | $580.00K | $12.91M | $5.22M | +23.7% |
| Accounts receivable | $66.44M | $58.82M | $55.62M | $49.35M | $55.43M | +13.0% |
| Total current assets | $76.60M | $71.55M | $61.45M | $62.88M | $61.47M | +7.1% |
| Property, plant & equipment | $2.14B | $2.13B | $2.16B | $1.77B | $1.80B | +0.4% |
| Total assets | $2.22B | $2.20B | $2.22B | $1.83B | $1.86B | +0.7% |
| Total current liabilities | $21.99M | $24.45M | $5.46M | $12.24M | $14.78M | -10.0% |
| Long-term debt | $545.39M | $539.91M | $570.77M | $525.49M | $530.18M | +1.0% |
| Total debt | $545.39M | $539.91M | $570.77M | $525.49M | $530.18M | +1.0% |
| Total liabilities | $710.83M | $697.23M | $701.24M | $578.60M | $579.07M | +2.0% |
| Retained earnings | -$315.54M | -$313.84M | -$295.31M | -$544.53M | -$520.41M | -0.5% |
| Shareholder equity | $1.51B | $1.51B | $1.52B | $1.26B | $1.28B | +0.1% |
| Working capital | $54.61M | $47.10M | $56.00M | $50.64M | $46.69M | +16.0% |
| Net tangible assets | $1.51B | $1.51B | $1.52B | $1.26B | $1.28B | +0.1% |
| Shares issued | 154.85M | 154.74M | 153.99M | 153.77M | 153.77M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $52.48M | $34.04M | $76.94M | $42.46M | $28.01M | +54.2% |
| Stock-based compensation | $848.00K | $716.00K | $4.37M | $834.00K | $789.00K | +18.4% |
| Change in working capital | $2.14M | $3.27M | -$11.41M | $5.11M | -$1.00M | -34.5% |
| Operating cash flow | $90.53M | $83.40M | $69.14M | $80.73M | $80.74M | +8.5% |
| Capital expenditure | -$40.76M | -$3.91M | -$11.12M | -$27.61M | -$18.37M | -943.5% |
| Investing cash flow | -$42.75M | -$1.30M | -$83.35M | -$27.21M | -$19.57M | -3,193.3% |
| Dividends paid | -$54.19M | -$52.57M | -$52.36M | -$52.28M | -$50.74M | -3.1% |
| Financing cash flow | -$47.55M | -$81.69M | $14.36M | -$53.22M | -$61.32M | +41.8% |
| Free cash flow | $49.77M | $79.50M | $58.02M | $53.12M | $62.37M | -37.4% |
| End cash position | $1.23M | $997.00K | $580.00K | $306.00K | $0 | +23.7% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.35 | 0.29 | -17.1% |
| Mar 2026 | 0.39 | 0.25 | -36.1% |
| Dec 2025 | 0.11 | 0.21 | +90.9% |
| Sep 2025 | 0.07 | 0.10 | +44.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.28 | 3 | $107.00M | +40.0% |
| Next quarter | 0.28 | 3 | $105.00M | +21.1% |
| Current year | 0.72 | 1 | $415.75M | +23.5% |
| Next year | 1.14 | 3 | $447.25M | +7.6% |
Analyst targets & ownership
Mean target$36.25
High target$40.00
Low target$34.00
Implied upside12.82%
Analyst count13
ConsensusSTRONG BUY
Strong buy / Buy4 / 8
Hold1
Sell / Strong sell0 / 0
Held by insiders17.05%
Held by institutions39.57%
Institutions holding89
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
31.09
+3.35% from price
SMA 20
31.24
+2.84% from price
SMA 50
31.08
+3.37% from price
SMA 100
31.32
+2.60% from price
SMA 200
30.00
+7.12% from price
EMA 12
31.31
+2.62% from price
EMA 26
31.26
+2.79% from price
EMA 50
31.27
+2.76% from price
RSI (14)
60.1
Neutral
MACD (12,26,9)
0.05
Hist 0.13
ATR (14)
0.63
1.95% of price
Realised vol 30D
20.7%
Annualised
Bollinger upper
32.73
20, 2σ
Bollinger lower
29.75
20, 2σ
50 / 200 cross
Golden
31.08 vs 30.00
Trend bias
Above 200
+7.12%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.19
Less volatile than market
Correlation to SPY
-0.12
Largely independent
Realised vol 30D
20.7%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-12.1%
Peak to trough
Max drawdown 5Y
-26.7%
Peak to trough
ATR 14
0.63
1.95% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
6.63M
Prior 6.93M
Change vs prior
-4.4%
Shorts covering
% of float
—
—
% of shares out
4.78%
Against total outstanding
Days to cover
16.3
Crowded exit
Float
72.09M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 3, 24 | National Bank Financial Inc | MAINTAINED | Outperform | Outperform |
| Mar 5, 24 | TD Securities | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$1.40 / yr
Forward yield4.36%
5-year avg yield4.95%
Payout ratio147.31%
Ex-dividend dateSep 15, 2026
Next pay dateSep 29, 2026
Last split—
Split date—
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.