Topaz Energy (TSE:TPZ – Free Report) had its target price hoisted by BMO Capital Markets from C$27.00 to C$29.00 in a report published on Wednesday morning, BayStreet.CA reports.
A number of other brokerages have also recently commented on TPZ. Canaccord Genuity Group raised their target price on Topaz Energy from C$27.50 to C$28.50 and gave the stock a buy rating in a report on Tuesday, March 5th. CIBC raised their target price on Topaz Energy from C$24.00 to C$26.00 and gave the stock an outperform rating in a report on Monday, April 22nd. Royal Bank of Canada raised their target price on Topaz Energy from C$26.00 to C$27.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. Stifel Nicolaus raised their target price on Topaz Energy from C$25.00 to C$27.00 and gave the stock a buy rating in a report on Tuesday, April 23rd. Finally, TD Securities raised their price target on Topaz Energy from C$24.00 to C$25.00 and gave the company a buy rating in a report on Tuesday, March 5th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Topaz Energy currently has a consensus rating of Buy and a consensus target price of C$27.67.
Get Our Latest Stock Report on TPZ
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.03). Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%. The firm had revenue of C$70.88 million for the quarter, compared to the consensus estimate of C$78.00 million. On average, equities analysts predict that Topaz Energy will post 0.198902 earnings per share for the current year.
Topaz Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.22%. Topaz Energy’s payout ratio is 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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