Topaz Energy (TSE:TPZ – Free Report) had its price objective boosted by Canaccord Genuity Group from C$29.50 to C$31.00 in a report issued on Wednesday, BayStreet.CA reports.
Other research analysts have also recently issued research reports about the company. Desjardins lifted their target price on Topaz Energy from C$26.50 to C$28.50 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. TD Securities lifted their price objective on shares of Topaz Energy from C$27.00 to C$28.00 in a report on Tuesday, October 1st. Scotiabank increased their target price 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. National Bankshares raised their price target on shares of Topaz Energy from C$28.50 to C$32.50 in a research report on Monday, August 19th. Finally, BMO Capital Markets upped their price objective on shares of Topaz Energy from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Topaz Energy currently has an average rating of “Buy” and an average price target of C$30.04.
Get Our Latest Research Report on Topaz Energy
Topaz Energy Stock Performance
Topaz Energy (TSE:TPZ – Get Free Report) last posted its earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.05. The company had revenue of C$78.41 million for the quarter, compared to analyst estimates of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. On average, analysts expect that Topaz Energy will post 0.2019855 EPS for the current fiscal year.
Topaz Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.33 per share. This is an increase from Topaz Energy’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, September 13th. Topaz Energy’s dividend payout ratio is currently 356.76%.
About Topaz Energy
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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