Topaz Energy (TSE:TPZ – Free Report) had its target price raised by TD Securities from C$27.00 to C$28.00 in a report released on Tuesday morning, BayStreet.CA reports.
A number of other brokerages also recently commented on TPZ. CIBC increased their price target on Topaz Energy from C$27.00 to C$30.00 in a research report on Monday, July 15th. National Bankshares lifted their target price on Topaz Energy from C$28.50 to C$32.50 in a research note on Monday, August 19th. Royal Bank of Canada raised their price objective on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock an outperform rating in a report on Wednesday, July 3rd. Canaccord Genuity Group boosted their target price on shares of Topaz Energy from C$29.00 to C$29.50 and gave the company a buy rating in a research note on Tuesday, July 30th. Finally, Desjardins increased their target price on shares of Topaz Energy from C$26.50 to C$28.50 and gave the company a buy rating in a research report on Tuesday, July 23rd. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of C$29.21.
Get Our Latest Report on Topaz Energy
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of C$80.00 million. As a group, research analysts anticipate that Topaz Energy will post 0.184685 earnings per share for the current fiscal year.
Topaz Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.90%. 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 payout ratio is currently 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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