Topaz Energy Corp. (TSE:TPZ) Receives C$33.65 Average Target Price from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have been assigned an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$33.65.

TPZ has been the subject of a number of research analyst reports. TD increased their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Raymond James Financial downgraded shares of Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 price objective on the stock. in a research report on Monday, March 30th. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, ATB Cormark Capital Markets increased their target price on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th.

Topaz Energy Price Performance

TPZ opened at C$31.90 on Friday. The stock has a fifty day moving average of C$31.57 and a 200-day moving average of C$30.63. The firm has a market capitalization of C$4.94 billion, a P/E ratio of 36.67 and a beta of 0.35. Topaz Energy has a 12-month low of C$24.37 and a 12-month high of C$33.91. The company has a quick ratio of 7.17, a current ratio of 2.93 and a debt-to-equity ratio of 35.87.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings data on Monday, July 27th. The company reported C$0.29 EPS for the quarter. Topaz Energy had a return on equity of 10.95% and a net margin of 45.79%.The firm had revenue of C$115.39 million during the quarter. Equities analysts forecast that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from Topaz Energy’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 4.4%. Topaz Energy’s payout ratio is 156.32%.

Topaz Energy Company Profile

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.