Topaz Energy Corp. (TSE:TPZ) Receives C$29.21 Consensus Target Price from Brokerages

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have been given an average rating of "Buy" by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$29.21.

Several equities research analysts recently commented on TPZ shares. Desjardins lifted their price target on shares of Topaz Energy from C$26.50 to C$28.50 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Jefferies Financial Group lifted their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research note on Monday, July 15th. Royal Bank of Canada lifted their price objective on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research note on Wednesday, July 3rd. National Bankshares lifted their price objective on shares of Topaz Energy from C$28.50 to C$32.50 in a research note on Monday, August 19th. Finally, TD Securities boosted their price target on shares of Topaz Energy from C$27.00 to C$28.00 in a research note on Tuesday, October 1st.

Topaz Energy Price Performance

TPZ stock traded up C$0.25 during mid-day trading on Friday, reaching C$27.67. The company's stock had a trading volume of 164,379 shares, compared to its average volume of 271,786. The company's 50 day moving average is C$25.88 and its two-hundred day moving average is C$24.19. The stock has a market cap of C$4.01 billion, a PE ratio of 74.78 and a beta of 0.50. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two week high of C$27.78.

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 for the quarter, topping analysts' consensus estimates of C$0.07 by C$0.05. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. The firm had revenue of C$78.41 million during the quarter, compared to analysts' expectations of C$80.00 million. Equities research analysts expect that Topaz Energy will post 0.2019855 EPS for the current year.

Topaz Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.77%. This is an increase from Topaz Energy's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, September 13th. Topaz Energy's dividend payout ratio is 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.