Topaz Energy (TSE:TPZ – Free Report) had its target price raised by Desjardins from C$30.00 to C$31.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other equities research analysts also recently commented on TPZ. Canaccord Genuity Group upped their target price on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday. Jefferies Financial Group raised their target price on Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. National Bankshares increased their price objective on Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Finally, BMO Capital Markets increased their price target on shares of 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. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Topaz Energy presently has an average rating of “Buy” and an average target price of C$30.04.
Check Out Our Latest Research Report on Topaz Energy
Topaz Energy Trading Up 0.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of C$78.41 million during the quarter, compared to analyst estimates of C$80.00 million. On average, sell-side analysts expect that Topaz Energy will post 0.2019855 earnings per share 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 given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.83%. This is an increase from Topaz Energy’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 13th. Topaz Energy’s 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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