Topaz Energy (TPZ) to Release Quarterly Earnings on Monday

Topaz Energy (TSE:TPZ) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Topaz Energy Stock Down 0.1 %

Shares of TPZ opened at C$26.69 on Friday. The business’s 50 day simple moving average is C$26.28 and its 200-day simple moving average is C$24.63. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. The company has a market capitalization of C$3.87 billion, a P/E ratio of 72.14 and a beta of 0.50. Topaz Energy has a one year low of C$18.03 and a one year high of C$27.78.

Topaz Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Topaz Energy’s previous quarterly dividend of $0.32. Topaz Energy’s dividend payout ratio (DPR) is presently 356.76%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TPZ. Jefferies Financial Group boosted their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. National Bankshares raised their target price on Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. ATB Capital lowered Topaz Energy from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price target on shares of 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. Finally, Scotiabank boosted their price objective on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Topaz Energy has a consensus rating of “Moderate Buy” and an average target price of C$30.79.

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.