Topaz Energy (TSE:TPZ – Free Report) had its target price upped by National Bankshares from C$32.50 to C$33.50 in a research report report published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other analysts have also recently issued reports about the stock. TD Securities increased their price target on shares of Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group lifted their target price on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Royal Bank of Canada boosted their price target on Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Canaccord Genuity Group lifted their price target on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday. Finally, Desjardins upped their target price on Topaz Energy from C$26.50 to C$28.50 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$30.04.
View Our Latest Report on Topaz Energy
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.05. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. The business had revenue of C$78.41 million for the quarter, compared to the consensus estimate of C$80.00 million. Equities research analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.
Topaz Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 an increase from Topaz Energy’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 4.83%. Topaz Energy’s payout ratio is currently 356.76%.
Topaz Energy Company Profile
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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