Topaz Energy Corp. (TSE:TPZ – Get Free Report) has been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$28.96.
A number of research analysts have recently issued reports on the stock. Desjardins lifted their price objective on shares of Topaz Energy from C$26.50 to C$28.50 and gave the company a “buy” rating in a report on Tuesday, July 23rd. National Bankshares lifted their price objective on shares of Topaz Energy from C$28.50 to C$32.50 in a report on Monday, August 19th. Canaccord Genuity Group lifted their price objective on shares of Topaz Energy from C$29.00 to C$29.50 and gave the company a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective 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. Finally, Scotiabank lifted their price objective on shares of Topaz Energy from C$33.00 to C$34.00 in a report on Friday, July 12th.
Get Our Latest Research Report on Topaz Energy
Topaz Energy Trading Up 0.9 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate 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. Analysts predict that Topaz Energy will post 0.183663 EPS for the current fiscal year.
Topaz Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, September 13th. This is a boost from Topaz Energy’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 5.14%. Topaz Energy’s payout ratio is 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.
Featured Articles
- Five stocks we like better than Topaz Energy
- Profitably Trade Stocks at 52-Week Highs
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- Investing In Preferred Stock vs. Common Stock
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
Receive News & Ratings for Topaz Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topaz Energy and related companies with MarketBeat.com's FREE daily email newsletter.