Topaz Energy (TSE:TPZ) Price Target Raised to C$28.50 at National Bankshares

Topaz Energy (TSE:TPZ) had its target price upped by National Bankshares from C$27.50 to C$28.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on TPZ. Stifel Nicolaus raised their target price on shares of Topaz Energy from C$25.00 to C$27.00 and gave the company a buy rating in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on shares of Topaz Energy from C$27.00 to C$29.00 in a research note on Wednesday. CIBC lifted their price objective on shares of Topaz Energy from C$24.00 to C$26.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Royal Bank of Canada lifted their price objective 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 Tuesday, April 30th. Finally, TD Securities lifted their price objective 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. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of C$27.67.

Topaz Energy Stock Up 1.2 %

Topaz Energy stock opened at C$24.54 on Wednesday. The stock has a market cap of C$3.56 billion, a price-to-earnings ratio of 76.69 and a beta of 0.50. The company has a current ratio of 2.47, a quick ratio of 7.17 and a debt-to-equity ratio of 30.43. The company’s 50-day moving average price is C$22.87 and its two-hundred day moving average price is C$21.31. Topaz Energy has a 52 week low of C$18.03 and a 52 week high of C$24.65.

Topaz Energy (TSE:TPZ) last released its earnings results on Monday, April 29th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.03). The company had revenue of C$70.88 million for the quarter, compared to analyst estimates of C$78.00 million. Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%. On average, analysts expect that Topaz Energy will post 0.198902 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Friday, June 14th. 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.