Topaz Energy (TSE:TPZ – Free Report) had its price objective lifted by National Bankshares from C$28.50 to C$32.50 in a research report released on Monday, BayStreet.CA reports.
A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an outperform rating in a research note on Wednesday, July 3rd. BMO Capital Markets upped their price target on Topaz Energy from C$29.00 to C$30.00 and gave the company an outperform rating in a research report on Tuesday, July 30th. CIBC boosted their target price on shares of Topaz Energy from C$27.00 to C$30.00 in a research note on Monday, July 15th. Desjardins increased their target price on shares of Topaz Energy from C$26.50 to C$28.50 and gave the stock a buy rating in a research report on Tuesday, July 23rd. Finally, Scotiabank upped their price objective on shares of Topaz Energy from C$33.00 to C$34.00 in a research note on Friday, July 12th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of C$28.96.
Get Our Latest Stock Analysis on TPZ
Topaz Energy Stock Down 0.1 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.05. The firm had revenue of C$78.41 million for the quarter, compared to the consensus estimate of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. On average, research analysts anticipate that Topaz Energy will post 0.1817651 earnings per share for the current year.
Topaz Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.04%. This is an increase from Topaz Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, September 13th. Topaz Energy’s payout ratio is 356.76%.
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.
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