Topaz Energy (TPZ) to Release Earnings on Monday

Topaz Energy (TSE:TPZ - Get Free Report) is scheduled to release its earnings data after the market closes on Monday, November 4th. Analysts expect Topaz Energy to post earnings of C$0.11 per share for the quarter.

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

Topaz Energy Trading Down 2.7 %

Topaz Energy stock traded down C$0.74 during mid-day trading on Monday, hitting C$26.57. The company's stock had a trading volume of 353,034 shares, compared to its average volume of 269,138. Topaz Energy has a 1 year low of C$18.03 and a 1 year high of C$27.78. The stock's fifty day moving average is C$26.22 and its two-hundred day moving average is C$24.51. The firm has a market capitalization of C$3.85 billion, a PE ratio of 71.81 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 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 paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.97%. This is an increase from Topaz Energy's previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 13th. Topaz Energy's payout ratio is 356.76%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. 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 report on Wednesday, July 3rd. Scotiabank upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Canaccord Genuity Group increased their price objective on Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. CIBC upped their price target on Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday, October 23rd. Finally, Desjardins lifted their price objective on Topaz Energy from C$30.00 to C$31.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Topaz Energy currently has a consensus rating of "Buy" and an average price target of C$30.04.

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.