Topaz Energy (TSE:TPZ – Free Report) had its target price boosted by National Bankshares from C$32.50 to C$33.50 in a report issued on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research analysts also recently issued reports on the company. Jefferies Financial Group upped their price target on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Monday, July 15th. BMO Capital Markets boosted their target price on Topaz Energy from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Desjardins raised their price target on shares of Topaz Energy from C$26.50 to C$28.50 and gave the company a “buy” rating in a report on Tuesday, July 23rd. CIBC boosted their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Topaz Energy presently has a consensus rating of “Buy” and an average price target of C$30.04.
Check Out Our Latest Report on TPZ
Topaz Energy Stock Performance
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.12 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.05. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. The firm had revenue of C$78.41 million for the quarter, compared to analysts’ expectations of C$80.00 million. Sell-side analysts expect that Topaz Energy will post 0.2019855 EPS for the current fiscal year.
Topaz Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.33 per share. This is a boost from Topaz Energy’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Friday, September 13th. Topaz Energy’s dividend payout ratio is currently 356.76%.
About Topaz Energy
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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