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Raymond James Weighs in on Topaz Energy FY2024 Earnings

Topaz Energy logo with Energy background

Topaz Energy Corp. (TSE:TPZ - Free Report) - Equities researchers at Raymond James issued their FY2024 earnings per share estimates for Topaz Energy in a research report issued to clients and investors on Monday, October 28th. Raymond James analyst L. Davis forecasts that the company will earn $0.37 per share for the year. Raymond James has a "Moderate Buy" rating on the stock. The consensus estimate for Topaz Energy's current full-year earnings is $0.20 per share.

Topaz Energy (TSE:TPZ - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.05. The business had revenue of C$78.41 million during the quarter, compared to analyst estimates of C$80.00 million. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%.

Several other equities research analysts also recently weighed in on the company. ATB Capital downgraded Topaz Energy from an "overweight" rating to a "neutral" rating and increased their price target for the stock from C$30.00 to C$31.00 in a report on Wednesday, October 23rd. BMO Capital Markets increased their price target on Topaz Energy from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Tuesday, July 30th. Royal Bank of Canada increased their price target on Topaz Energy from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a report on Wednesday, July 3rd. TD Securities increased their price target on Topaz Energy from C$28.00 to C$30.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased their price target on Topaz Energy from C$29.50 to C$31.00 in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$30.79.

Get Our Latest Report on TPZ

Topaz Energy Trading Up 0.4 %

Shares of TSE:TPZ traded up C$0.12 during trading on Wednesday, hitting C$26.96. The company had a trading volume of 163,157 shares, compared to its average volume of 268,064. The stock has a market cap of C$3.91 billion, a price-to-earnings ratio of 72.86 and a beta of 0.50. Topaz Energy has a one year low of C$18.03 and a one year high of C$27.78. The company has a fifty day simple moving average of C$26.25 and a two-hundred day simple moving average of C$24.57. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17.

Topaz Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.33 dividend. The ex-dividend date was Friday, September 13th. This is an increase from Topaz Energy's previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.90%. Topaz Energy's dividend payout ratio (DPR) is currently 356.76%.

About Topaz Energy

(Get Free Report)

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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