Topaz Energy (TSE:TPZ – Free Report) had its price objective upped by CIBC from C$30.00 to C$31.00 in a research report released on Wednesday, BayStreet.CA reports.
Several other equities analysts have also issued reports on the company. Jefferies Financial Group boosted their price objective on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Desjardins raised their price objective on shares of Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Scotiabank boosted their price objective on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday. National Bankshares increased their target price on Topaz Energy from C$28.50 to C$32.50 in a report on Monday, August 19th. Finally, BMO Capital Markets boosted their price target on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Topaz Energy presently has a consensus rating of “Buy” and a consensus price target of C$30.04.
Read Our Latest Report on Topaz Energy
Topaz Energy Trading Down 0.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.05. The business had revenue of C$78.41 million for the quarter, compared to the consensus estimate of C$80.00 million. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. Equities research analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current year.
Topaz Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.33 per share. This is a positive change from Topaz Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.90%. Topaz Energy’s payout ratio 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.
Further Reading
- Five stocks we like better than Topaz Energy
- Best Aerospace Stocks Investing
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Top Stocks Investing in 5G Technology
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What is Insider Trading? What You Can Learn from Insider Trading
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Topaz Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topaz Energy and related companies with MarketBeat.com's FREE daily email newsletter.