Topaz Energy (TSE:TPZ – Free Report) had its price objective upped by Desjardins from C$30.00 to C$31.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Other equities analysts have also issued research reports about the stock. Scotiabank boosted their target price on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. National Bankshares lifted their price objective on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada lifted their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. TD Securities boosted their price objective on Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$30.04.
View Our Latest Research Report on TPZ
Topaz Energy Stock Up 0.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.12 EPS for the quarter, beating 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 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, research analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current year.
Topaz Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.83%. This is a positive change from Topaz Energy’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 13th. Topaz Energy’s dividend payout ratio (DPR) is presently 356.76%.
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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