Topaz Energy (TSE:TPZ – Free Report) had its price target upped by National Bankshares from C$32.50 to C$33.50 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
TPZ has been the topic of a number of other research reports. Royal Bank of Canada upped their price objective on Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Jefferies Financial Group boosted their target price on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Monday, July 15th. Desjardins increased their price target 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. CIBC lifted their target price on Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday. Finally, Scotiabank boosted their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Topaz Energy currently has a consensus rating of “Buy” and an average price target of C$30.04.
Topaz Energy Stock Down 0.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.05. The firm had revenue of C$78.41 million during 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%. As a group, equities analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current year.
Topaz Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors 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 4.90%. The ex-dividend date was Friday, September 13th. This is a boost from Topaz Energy’s previous quarterly dividend of $0.32. Topaz Energy’s dividend payout ratio (DPR) is 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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