Topaz Energy (TPZ) to Release Quarterly Earnings on Monday

Topaz Energy (TSE:TPZ) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Topaz Energy Price Performance

TPZ opened at C$26.69 on Friday. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. The company has a market cap of C$3.87 billion, a price-to-earnings ratio of 72.14 and a beta of 0.50. The stock has a fifty day simple moving average of C$26.27 and a two-hundred day simple moving average of C$24.60. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$27.78.

Topaz Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Friday, September 13th. This is a boost from Topaz Energy’s previous quarterly dividend of $0.32. Topaz Energy’s dividend payout ratio is 356.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TPZ shares. Scotiabank raised their price target on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Securities lifted their target price on shares of Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. CIBC upped their target price on shares of Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. BMO Capital Markets raised their price target on shares of Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group upped their price objective on 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$30.79.

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.