Topaz Energy Corp. (TSE:TPZ) Receives C$31.54 Average PT from Brokerages

Topaz Energy Corp. (TSE:TPZ) has earned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$31.54.

TPZ has been the topic of a number of research reports. Canaccord Genuity Group upped their price target on shares of Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their price target on Topaz Energy from C$30.00 to C$31.00 in a research note on Monday, December 16th. CIBC boosted their price target on Topaz Energy from C$31.00 to C$32.00 in a research note on Friday, January 17th. National Bankshares lifted their target price on shares of Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, ATB Capital lowered shares of Topaz Energy from an “overweight” rating to a “neutral” rating and increased their price target for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd.

Topaz Energy Price Performance

TSE:TPZ opened at C$27.13 on Tuesday. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52. The business’s 50-day moving average price is C$27.54 and its 200 day moving average price is C$26.53. Topaz Energy has a 52-week low of C$18.59 and a 52-week high of C$29.51. The firm has a market cap of C$3.93 billion, a P/E ratio of 73.32 and a beta of 0.50.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings results on Monday, November 4th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.01. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. During the same period last year, the business earned $0.07 EPS. As a group, sell-side analysts predict that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.

Topaz Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Friday, December 13th. Topaz Energy’s dividend 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.