TD Issues Positive Forecast for Topaz Energy (TSE:TPZ) Stock Price

Topaz Energy (TSE:TPZ) had its price objective boosted by TD from C$34.00 to C$35.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Topaz Energy from C$29.00 to C$33.50 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Jefferies Financial Group cut their price target on shares of Topaz Energy from C$31.00 to C$30.00 in a report on Tuesday, January 20th. Raymond James Financial cut shares of Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 price target on the stock. in a report on Monday, March 30th. Desjardins upped their price target on shares of Topaz Energy from C$31.00 to C$32.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, National Bank Financial set a C$33.50 price target on shares of Topaz Energy and gave the stock an “outperform” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$33.65.

Topaz Energy Stock Performance

TPZ stock opened at C$31.79 on Wednesday. The company has a quick ratio of 7.17, a current ratio of 11.26 and a debt-to-equity ratio of 37.54. Topaz Energy has a twelve month low of C$23.34 and a twelve month high of C$32.46. The stock has a market capitalization of C$4.91 billion, a price-to-earnings ratio of 38.30 and a beta of 0.21. The firm’s fifty day simple moving average is C$31.03 and its two-hundred day simple moving average is C$28.64.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.25 earnings per share for the quarter. Topaz Energy had a net margin of 39.18% and a return on equity of 9.77%. The business had revenue of C$88.66 million for the quarter. As a group, analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, March 13th. Topaz Energy’s dividend payout ratio is presently 162.65%.

Topaz Energy Company Profile

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.