Topaz Energy Corp. (TSE:TPZ - Get Free Report) has been assigned an average rating of "Buy" from the eleven analysts that are covering the stock, Marketbeat.com 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 twelve-month target price among analysts that have covered the stock in the last year is C$29.21.
A number of research analysts have recently issued reports on TPZ shares. BMO Capital Markets boosted their price objective 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. Scotiabank boosted their price target on Topaz Energy from C$33.00 to C$34.00 in a research note on Friday, July 12th. Jefferies Financial Group lifted their price objective on shares of 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. Desjardins increased their target price on shares of 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. Finally, CIBC upped their price objective on shares of Topaz Energy from C$27.00 to C$30.00 in a report on Monday, July 15th.
Read Our Latest Research Report on Topaz Energy
TSE:TPZ opened at C$27.67 on Friday. Topaz Energy has a one year low of C$18.03 and a one year high of C$27.78. 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 cap of C$4.01 billion, a PE ratio of 74.78 and a beta of 0.50. The firm's 50 day simple moving average is C$25.88 and its 200 day simple moving average is C$24.18.
Topaz Energy (TSE:TPZ - Get Free Report) last issued 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 company had revenue of C$78.41 million for the quarter, compared to analysts' expectations of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. On average, research analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from Topaz Energy's previous quarterly dividend of $0.32. Topaz Energy's dividend payout ratio (DPR) is currently 356.76%.
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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