Topaz Energy (TSE:TPZ – Get Free Report) posted its quarterly earnings results on Monday. The company reported C$0.32 earnings per share for the quarter, FiscalAI reports. Topaz Energy had a net margin of 48.58% and a return on equity of 12.16%. The business had revenue of C$87.19 million during the quarter.
Topaz Energy Trading Down 3.7%
Shares of TSE TPZ traded down C$1.16 during mid-day trading on Monday, hitting C$30.14. The stock had a trading volume of 482,061 shares, compared to its average volume of 584,792. The company has a debt-to-equity ratio of 36.22, a quick ratio of 7.17 and a current ratio of 3.48. Topaz Energy has a 1 year low of C$24.52 and a 1 year high of C$33.91. The business has a 50 day moving average price of C$30.38 and a two-hundred day moving average price of C$30.70. The firm has a market cap of C$4.68 billion, a P/E ratio of 32.41 and a beta of 0.47.
Topaz Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a $0.35 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.40 annualized dividend and a dividend yield of 4.6%. Topaz Energy’s dividend payout ratio (DPR) is currently 147.31%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on TPZ shares. BMO Capital Markets raised their price objective on Topaz Energy from C$35.50 to C$36.50 in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce boosted their target price on Topaz Energy from C$34.50 to C$35.25 in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$34.07.
Read Our Latest Stock Report on TPZ
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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