Topaz Energy (TSE:TPZ) Stock Jumps 0.4% – What’s Next?

Topaz Energy Corp. (TSE:TPZ) shares shot up 0.4% on Monday. The company traded as high as C$28.70 and last traded at C$28.55. Approximately 461,798 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 579,427 shares. The stock had previously closed at C$28.43.

Analyst Ratings Changes

TPZ has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Topaz Energy from C$35.50 to C$36.50 in a report on Tuesday, July 28th. Scotiabank raised Topaz Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Topaz Energy from C$34.50 to C$35.25 in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$34.07.

Topaz Energy Trading Down 1.2%

The business has a 50-day simple moving average of C$30.74 and a two-hundred day simple moving average of C$31.15. The company has a debt-to-equity ratio of 36.22, a current ratio of 3.48 and a quick ratio of 7.17. The stock has a market cap of C$4.37 billion, a price-to-earnings ratio of 30.28 and a beta of 0.47.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings results on Monday, July 27th. The company reported C$0.29 earnings per share (EPS) for the quarter. The business had revenue of C$115.39 million during the quarter. Topaz Energy had a return on equity of 12.16% and a net margin of 48.58%. Equities analysts forecast that Topaz Energy Corp. will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.0%. Topaz Energy’s dividend payout ratio (DPR) is currently 147.31%.

About Topaz Energy

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.