Topaz Energy Corp. (TSE:TPZ) Receives C$31.54 Average PT from Analysts

Shares of Topaz Energy Corp. (TSE:TPZ) have been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$31.54.

TPZ has been the subject of several recent analyst reports. ATB Capital cut Topaz Energy from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Raymond James set a C$34.00 target price on shares of Topaz Energy and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Scotiabank boosted their price target on shares of Topaz Energy from C$35.00 to C$36.00 in a research report on Friday, January 17th. National Bankshares upped their price objective on shares of Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, CIBC lifted their target price on Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th.

Topaz Energy Price Performance

Shares of TSE TPZ opened at C$26.80 on Tuesday. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. The company has a market cap of C$3.88 billion, a price-to-earnings ratio of 72.43 and a beta of 0.50. The stock’s 50-day moving average is C$27.50 and its two-hundred day moving average is C$26.55. Topaz Energy has a 1-year low of C$18.59 and a 1-year high of C$29.51.

Topaz Energy (TSE:TPZ) last issued its quarterly earnings results on Monday, November 4th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. During the same period in the prior year, the company earned $0.07 earnings per share. Analysts forecast that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.93%. The ex-dividend date was Friday, December 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.