Shares of Topaz Energy Corp. (TSE:TPZ – Get Free Report) have received an average recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$27.67.
Several research firms have commented on TPZ. Stifel Nicolaus boosted their target price on shares of Topaz Energy from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. National Bankshares increased their target price on shares of Topaz Energy from C$27.50 to C$28.50 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Royal Bank of Canada boosted their price target 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 increased their price objective on Topaz Energy from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, BMO Capital Markets boosted their target price on Topaz Energy from C$27.00 to C$29.00 in a report on Wednesday, July 3rd.
View Our Latest Stock Analysis on TPZ
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last issued its earnings results on Monday, April 29th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The firm had revenue of C$70.88 million during the quarter, compared to analysts’ expectations of C$78.00 million. Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%. Equities research analysts expect that Topaz Energy will post 0.198902 EPS for the current fiscal year.
Topaz Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 5.14%. The ex-dividend date was Friday, June 14th. Topaz Energy’s payout ratio is currently 400.00%.
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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