Topaz Energy (TSE:TPZ – Free Report) had its target price raised by Royal Bank of Canada from C$27.00 to C$28.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research analysts also recently commented on TPZ. CIBC lifted their target price on shares of Topaz Energy from C$26.00 to C$27.00 and gave the stock an outperform rating in a research note on Wednesday. Jefferies Financial Group lifted their target price on shares of Topaz Energy from C$25.00 to C$27.00 and gave the stock a buy rating in a research note on Wednesday. TD Securities lifted their target price on shares of Topaz Energy from C$24.00 to C$25.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. National Bankshares lifted their target price on shares of Topaz Energy from C$27.50 to C$28.50 and gave the stock an outperform rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Topaz Energy from C$27.00 to C$29.00 in a research note on Wednesday. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Topaz Energy presently has a consensus rating of Buy and a consensus target price of C$27.67.
Get Our Latest Stock Analysis on Topaz Energy
Topaz Energy Trading Up 1.2 %
Topaz Energy (TSE:TPZ – Get Free Report) last announced its quarterly earnings data on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The business had revenue of C$70.88 million during the quarter, compared to the consensus estimate of C$78.00 million. Topaz Energy had a return on equity of 3.62% and a net margin of 14.29%. As a group, equities research analysts forecast that Topaz Energy will post 0.198902 earnings per share for the current year.
Topaz Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend was Friday, June 14th. Topaz Energy’s payout ratio is currently 400.00%.
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.
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