Topaz Energy (TSE:TPZ – Get Free Report) posted its earnings results on Monday. The company reported C$0.29 earnings per share for the quarter, FiscalAI reports. Topaz Energy had a net margin of 45.79% and a return on equity of 10.95%. The firm had revenue of C$115.39 million during the quarter.
Topaz Energy Price Performance
Shares of TPZ traded down C$0.78 during mid-day trading on Monday, hitting C$31.90. 279,838 shares of the company were exchanged, compared to its average volume of 578,940. The stock has a market cap of C$4.94 billion, a price-to-earnings ratio of 36.67 and a beta of 0.35. Topaz Energy has a 1-year low of C$24.37 and a 1-year high of C$33.91. The company has a 50 day moving average of C$31.59 and a 200-day moving average of C$30.59. The company has a debt-to-equity ratio of 35.87, a quick ratio of 7.17 and a current ratio of 2.93.
Topaz Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.35 per share. This is a boost from Topaz Energy’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 15th. This represents a $1.40 annualized dividend and a dividend yield of 4.4%. Topaz Energy’s payout ratio is currently 156.32%.
Analyst Ratings Changes
About Topaz Energy
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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