Topaz Energy Corp. (TSE:TPZ) Receives Average Recommendation of “Buy” from Analysts

Shares of Topaz Energy Corp. (TSE:TPZGet Free Report) have earned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$33.65.

Several equities analysts recently commented on the company. Jefferies Financial Group reduced their target price on Topaz Energy from C$31.00 to C$30.00 in a research report on Tuesday, January 20th. Raymond James Financial cut Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 target price for the company. in a research report on Monday, March 30th. ATB Cormark Capital Markets boosted their target price on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. TD upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group upped their price objective on Topaz Energy from C$33.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th.

Check Out Our Latest Research Report on TPZ

Topaz Energy Stock Performance

TSE:TPZ opened at C$33.15 on Monday. The company has a market capitalization of C$5.13 billion, a P/E ratio of 38.10 and a beta of 0.21. Topaz Energy has a 1 year low of C$24.37 and a 1 year high of C$33.33. The company has a debt-to-equity ratio of 35.87, a current ratio of 2.93 and a quick ratio of 7.17. The business has a fifty day simple moving average of C$31.17 and a two-hundred day simple moving average of C$28.97.

Topaz Energy (TSE:TPZGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.25 earnings per share for the quarter. Topaz Energy had a return on equity of 10.95% and a net margin of 45.79%.The company had revenue of C$88.66 million during the quarter. On average, analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, March 13th. Topaz Energy’s dividend payout ratio is presently 156.32%.

About Topaz Energy

(Get Free Report)

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.

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Analyst Recommendations for Topaz Energy (TSE:TPZ)

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