Shares of Topaz Energy Corp. (TSE:TPZ – Get Free Report) have received an average rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$34.07.
A number of equities research analysts recently weighed in on the stock. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a report on Friday, June 26th. Canadian Imperial Bank of Commerce increased their price objective on Topaz Energy from C$34.50 to C$35.25 in a research note on Tuesday, July 28th. Finally, BMO Capital Markets raised their target price on Topaz Energy from C$35.50 to C$36.50 in a report on Tuesday, July 28th.
View Our Latest Stock Report on Topaz Energy
Topaz Energy Trading Up 1.2%
Topaz Energy (TSE:TPZ – Get Free Report) last issued its earnings results on Monday, July 27th. The company reported C$0.29 earnings per share for the quarter. Topaz Energy had a return on equity of 12.16% and a net margin of 48.58%. The company had revenue of C$115.39 million for the quarter. As a group, equities analysts anticipate that Topaz Energy will post 0.20 earnings per share for the current fiscal year.
Topaz Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.40 annualized dividend and a yield of 4.8%. Topaz Energy’s dividend payout ratio (DPR) is 147.31%.
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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