Topaz Energy (TSE:TPZ – Free Report) had its target price upped by Jefferies Financial Group from C$25.00 to C$27.00 in a research report released on Wednesday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.
A number of other research analysts have also weighed in on the stock. Stifel Nicolaus raised their price target on shares of Topaz Energy from C$25.00 to C$27.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. National Bankshares raised their price target on shares of Topaz Energy from C$27.50 to C$28.50 and gave the company an outperform rating in a research report on Wednesday. Canaccord Genuity Group raised their price objective on shares of Topaz Energy from C$27.50 to C$28.50 and gave the stock a buy rating in a report on Tuesday, March 5th. BMO Capital Markets raised their price objective on shares of Topaz Energy from C$27.00 to C$29.00 in a report on Wednesday. Finally, TD Securities raised their price objective on shares of Topaz Energy from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Tuesday, March 5th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Topaz Energy presently has an average rating of Buy and a consensus target price of C$27.67.
Check Out Our Latest Analysis on TPZ
Topaz Energy Stock Up 1.2 %
Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%. The firm had revenue of C$70.88 million for the quarter, compared to the consensus estimate of C$78.00 million. On average, equities research analysts predict that Topaz Energy will post 0.198902 earnings per share for the current fiscal year.
Topaz Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 5.22%. Topaz Energy’s payout ratio is 400.00%.
Topaz Energy Company Profile
Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.
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