Shares of Topaz Energy Corp. (TSE:TPZ – Get Free Report) have earned an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$28.96.
TPZ has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Scotiabank upped their price target on shares of Topaz Energy from C$33.00 to C$34.00 in a research note on Friday, July 12th. Canaccord Genuity Group lifted their price objective on shares of Topaz Energy from C$29.00 to C$29.50 and gave the company a “buy” rating in a research note on Tuesday, July 30th. National Bankshares increased their target price on Topaz Energy from C$28.50 to C$32.50 in a research report on Monday, August 19th. Finally, Desjardins lifted their price target on Topaz Energy from C$26.50 to C$28.50 and gave the company a “buy” rating in a research report on Tuesday, July 23rd.
Check Out Our Latest Stock Report on Topaz Energy
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last released its earnings results on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.05. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. The business had revenue of C$78.41 million during the quarter, compared to the consensus estimate of C$80.00 million. As a group, equities analysts predict that Topaz Energy will post 0.1930068 EPS for the current year.
Topaz Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Topaz Energy’s previous quarterly dividend of $0.32. Topaz Energy’s dividend payout ratio (DPR) 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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