Topaz Energy (TSE:TPZ) Given a C$34.00 Price Target at Raymond James

Raymond James set a C$34.00 target price on Topaz Energy (TSE:TPZ) in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

TPZ has been the topic of a number of other research reports. National Bankshares increased their price target on Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. ATB Capital downgraded shares of Topaz Energy from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on shares of Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.79.

Topaz Energy Trading Up 1.0 %

Shares of Topaz Energy stock opened at C$26.84 on Tuesday. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12. The firm has a 50-day moving average of C$26.23 and a 200-day moving average of C$24.54. Topaz Energy has a 52-week low of C$18.03 and a 52-week high of C$27.78. The stock has a market cap of C$3.89 billion, a PE ratio of 72.54 and a beta of 0.50.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.05. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. The firm had revenue of C$78.41 million during the quarter, compared to the consensus estimate of C$80.00 million. As a group, sell-side analysts forecast that Topaz Energy will post 0.2019855 EPS for the current year.

Topaz Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued 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 yield of 4.92%. Topaz Energy’s dividend payout ratio (DPR) is presently 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.