Topaz Energy Corp. (TSE:TPZ) Receives C$33.65 Consensus PT from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have earned a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$33.65.

A number of research firms have weighed in on TPZ. Desjardins raised their target price on shares of Topaz Energy from C$31.00 to C$32.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets raised their target price on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Scotiabank raised shares of Topaz Energy to a “strong-buy” rating in a research note on Wednesday, April 1st. TD raised their target price on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group raised their target price on shares of Topaz Energy from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th.

Topaz Energy Stock Performance

TPZ stock opened at C$33.15 on Monday. The company has a current ratio of 2.93, a quick ratio of 7.17 and a debt-to-equity ratio of 35.87. Topaz Energy has a 12-month low of C$24.37 and a 12-month high of C$33.33. The stock has a market cap of C$5.13 billion, a price-to-earnings ratio of 38.10 and a beta of 0.21. The business’s 50-day moving average is C$31.17 and its 200 day moving average is C$29.00.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.25 earnings per share (EPS) for the quarter. Topaz Energy had a return on equity of 10.95% and a net margin of 45.79%.The company had revenue of C$88.66 million for the quarter. On average, sell-side analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, March 13th. Topaz Energy’s dividend payout ratio (DPR) is 156.32%.

Topaz Energy Company Profile

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.