Raymond James Estimates Topaz Energy FY2024 Earnings

Topaz Energy Corp. (TSE:TPZ) – Equities research analysts at Raymond James issued their FY2024 EPS estimates for shares of Topaz Energy in a report released on Monday, October 28th. Raymond James analyst L. Davis expects that the company will post earnings per share of $0.37 for the year. Raymond James currently has a “Moderate Buy” rating on the stock. The consensus estimate for Topaz Energy’s current full-year earnings is $0.20 per share.

A number of other brokerages also recently weighed in on TPZ. Jefferies Financial Group increased their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Monday, July 15th. National Bankshares increased their target price on Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. CIBC increased their target price on Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Canaccord Genuity Group increased their target price on Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. Finally, ATB Capital cut Topaz Energy from an “overweight” rating to a “neutral” rating and increased their target price for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Topaz Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$30.79.

Topaz Energy Stock Performance

Shares of TSE:TPZ opened at C$26.96 on Wednesday. The company has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 72.86 and a beta of 0.50. The firm’s 50 day simple moving average is C$26.25 and its 200 day simple moving average is C$24.57. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two week high of C$27.78.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.05. The business had revenue of C$78.41 million for the quarter, compared to the consensus estimate of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%.

Topaz Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.33 per share. This is a boost from Topaz Energy’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, September 13th. Topaz Energy’s dividend payout ratio (DPR) is currently 356.76%.

About Topaz Energy

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.