Shares of Topaz Energy Corp. (TSE:TPZ – Get Free Report) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$34.07.
Several research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Topaz Energy from C$35.50 to C$36.50 in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce upped their price target on shares of Topaz Energy from C$34.50 to C$35.25 in a report on Tuesday, July 28th. TD increased their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. ATB Cormark Capital Markets lifted their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a research report on Friday, June 26th.
Topaz Energy Stock Performance
Topaz Energy (TSE:TPZ – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported C$0.29 EPS for the quarter. The company had revenue of C$115.39 million during the quarter. Topaz Energy had a net margin of 48.58% and a return on equity of 12.16%. Research analysts forecast that Topaz Energy will post 0.2019855 EPS for the current fiscal year.
Topaz Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.5%. Topaz Energy’s dividend payout ratio 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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