Topaz Energy Corp. (TSE:TPZ) to Post FY2022 Earnings of $0.82 Per Share, Stifel Firstegy Forecasts

Topaz Energy Corp. (TSE:TPZGet Rating) – Analysts at Stifel Firstegy lifted their FY2022 earnings per share estimates for Topaz Energy in a research note issued on Thursday, April 21st. Stifel Firstegy analyst R. Fitzmartyn now expects that the company will post earnings per share of $0.82 for the year, up from their prior estimate of $0.80.

Several other research firms have also weighed in on TPZ. BMO Capital Markets lifted their target price on shares of Topaz Energy from C$23.00 to C$27.00 in a report on Wednesday, March 2nd. Raymond James set a C$27.00 target price on shares of Topaz Energy and gave the company a “strong-buy” rating in a report on Tuesday, April 12th. CIBC lifted their target price on shares of Topaz Energy from C$23.00 to C$26.00 in a report on Thursday, April 14th. National Bankshares reduced their target price on shares of Topaz Energy from C$27.50 to C$25.00 in a report on Thursday, April 14th. Finally, Cormark lifted their target price on shares of Topaz Energy from C$24.00 to C$26.00 in a report on Thursday, March 3rd. Ten analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Topaz Energy has a consensus rating of “Buy” and a consensus price target of C$24.85.

TSE:TPZ opened at C$21.96 on Monday. The company has a current ratio of 10.53, a quick ratio of 10.18 and a debt-to-equity ratio of 20.90. The firm has a market capitalization of C$3.06 billion and a price-to-earnings ratio of 99.82. The firm’s fifty day simple moving average is C$20.63 and its 200 day simple moving average is C$18.85. Topaz Energy has a twelve month low of C$14.28 and a twelve month high of C$23.52.

Topaz Energy (TSE:TPZGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.12. The company had revenue of C$75.68 million for the quarter, compared to analysts’ expectations of C$76.00 million.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 31st were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 18.94%. The ex-dividend date was Monday, March 14th. This is a positive change from Topaz Energy’s previous quarterly dividend of $0.24. Topaz Energy’s dividend payout ratio is 386.36%.

About Topaz Energy (Get Rating)

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.

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Earnings History and Estimates for Topaz Energy (TSE:TPZ)

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