Topaz Energy (TSE:TPZ – Free Report) had its price objective increased by Desjardins from C$30.00 to C$31.00 in a research note released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.
TPZ has been the subject of several other reports. CIBC boosted their target price on Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday. TD Securities increased their target price on shares of Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a report on Wednesday. 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 report on Tuesday, July 30th. Jefferies Financial Group raised their target price on 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. Finally, National Bankshares upped their price objective on shares of Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$30.04.
Get Our Latest Stock Analysis on TPZ
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last issued its earnings results on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.05. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. The firm had revenue of C$78.41 million for the quarter, compared to analyst estimates of C$80.00 million. As a group, analysts forecast that Topaz Energy will post 0.2019855 EPS for the current fiscal year.
Topaz Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, September 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.83%. 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 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.
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