Analysts Set Topaz Energy Corp. (TSE:TPZ) PT at C$31.54

Topaz Energy Corp. (TSE:TPZ) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$31.54.

A number of analysts recently commented on the company. Desjardins boosted their target price on Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd. TD Securities increased their target price on Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. ATB Capital lowered shares of Topaz Energy from an “overweight” rating to a “neutral” rating and boosted their price target for the company from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Finally, Raymond James set a C$34.00 price objective on shares of Topaz Energy and gave the stock an “outperform” rating in a report on Tuesday, October 29th.

Topaz Energy Stock Down 2.8 %

Shares of TSE:TPZ opened at C$26.06 on Tuesday. The business’s 50-day moving average is C$27.46 and its 200-day moving average is C$26.58. Topaz Energy has a 1 year low of C$18.59 and a 1 year high of C$29.51. The company has a market capitalization of C$3.78 billion, a price-to-earnings ratio of 70.43 and a beta of 0.50. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings results on Monday, November 4th. The company reported C$0.12 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. During the same period in the previous year, the business earned $0.07 earnings per share. Equities research analysts predict that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Friday, December 13th. Topaz Energy’s dividend payout ratio (DPR) is presently 356.76%.

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.