Topaz Energy (TSE:TPZ – Free Report) had its target price hoisted by CIBC from C$30.00 to C$31.00 in a report released on Wednesday morning, BayStreet.CA reports.
TPZ has been the subject of a number of other research reports. Scotiabank lifted their target price on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Tuesday. Jefferies Financial Group lifted their price objective on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Desjardins increased their target price on shares of Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their price target 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. Finally, Canaccord Genuity Group increased their price target on Topaz Energy from C$29.00 to C$29.50 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Topaz Energy currently has a consensus rating of “Buy” and an average target price of C$30.04.
Check Out Our Latest Stock Report on TPZ
Topaz Energy Stock Down 0.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its earnings results on Monday, July 29th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.05. The company had revenue of C$78.41 million for the quarter, compared to the consensus estimate of C$80.00 million. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. On average, analysts forecast that Topaz Energy will post 0.2019855 earnings per share for the current year.
Topaz Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from Topaz Energy’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 4.90%. Topaz Energy’s dividend payout ratio (DPR) is 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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