Topaz Energy Corp. (TSE:TPZ – Get Free Report) has received a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$28.96.
TPZ has been the subject of several recent analyst reports. Canaccord Genuity Group increased 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 report on Tuesday, July 30th. BMO Capital Markets increased their price target on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Desjardins boosted their price objective on Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their price objective on Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group lifted their target price on Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Monday, July 15th.
Check Out Our Latest Research Report on TPZ
Topaz Energy Trading Up 1.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.05. The business had revenue of C$78.41 million during 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%. As a group, research analysts expect that Topaz Energy will post 0.183663 EPS for the current year.
Topaz Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be paid a $0.33 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.32 dividend on an annualized basis and a yield of 5.17%. This is a boost from Topaz Energy’s previous quarterly dividend of $0.32. Topaz Energy’s dividend payout ratio (DPR) is currently 356.76%.
About Topaz Energy
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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