Topaz Energy (TSE:TPZ – Free Report) had its price target hoisted by TD Securities from C$28.00 to C$30.00 in a research report released on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
TPZ has been the subject of a number of other research reports. Jefferies Financial Group boosted their price objective on Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Scotiabank lifted their price objective 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 Tuesday. National Bankshares boosted their price objective on shares of Topaz Energy from C$28.50 to C$32.50 in a report on Monday, August 19th. CIBC raised their target price on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday. Finally, Canaccord Genuity Group boosted their price target on Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Topaz Energy currently has an average rating of “Buy” and a consensus target price of C$30.04.
Check Out Our Latest Stock Report on Topaz Energy
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of C$78.41 million during the quarter, compared to the consensus estimate of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. As a group, sell-side analysts predict that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.
Topaz Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.33 per share. This is an increase from Topaz Energy’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.83%. 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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