Topaz Energy (TSE:TPZ – Free Report) had its price objective increased by TD Securities from C$27.00 to C$28.00 in a report published on Tuesday, BayStreet.CA reports.
TPZ has been the subject of several other reports. Desjardins raised their target price on shares of Topaz Energy from C$26.50 to C$28.50 and gave the company a buy rating in a research note on Tuesday, July 23rd. Canaccord Genuity Group raised their price objective on Topaz Energy from C$29.00 to C$29.50 and gave the company a buy rating in a research report on Tuesday, July 30th. Scotiabank boosted their target price on Topaz Energy from C$33.00 to C$34.00 in a research report on Friday, July 12th. Jefferies Financial Group raised their price target on Topaz Energy from C$27.00 to C$28.00 and gave the company a buy rating in a report on Monday, July 15th. Finally, CIBC upped their price objective on Topaz Energy from C$27.00 to C$30.00 in a report on Monday, July 15th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Topaz Energy presently has a consensus rating of Buy and an average target price of C$29.21.
Read Our Latest Research Report on Topaz Energy
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, topping 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 the consensus estimate of C$80.00 million. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. As a group, analysts expect that Topaz Energy will post 0.184685 earnings per share for the current fiscal year.
Topaz Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given 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 dividend on an annualized basis and a yield of 4.89%. Topaz Energy’s dividend payout ratio (DPR) 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.
Featured Stories
- Five stocks we like better than Topaz Energy
- Why Are Stock Sectors Important to Successful Investing?
- When Is the Best Time to Invest in Mutual Funds?
- How to Use Stock Screeners to Find Stocks
- Is NVIDIA Stock in a Correction or Consolidation?
- How to Invest in the Best Canadian Stocks
- 3 Oversold Stocks with Big RSI Rebound Potential
Receive News & Ratings for Topaz Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topaz Energy and related companies with MarketBeat.com's FREE daily email newsletter.