Topaz Energy Corp. (TSE:TPZ) Given Consensus Recommendation of “Buy” by Analysts

Topaz Energy Corp. (TSE:TPZ) has earned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$34.07.

TPZ has been the topic of several recent analyst reports. ATB Cormark Capital Markets boosted their target price on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce increased their price target on shares of Topaz Energy from C$34.50 to C$35.25 in a research report on Tuesday. Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a report on Friday, June 26th. BMO Capital Markets raised their price objective on shares of Topaz Energy from C$35.50 to C$36.50 in a report on Tuesday. Finally, TD boosted their target price on Topaz Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th.

Topaz Energy Trading Down 1.0%

TPZ stock opened at C$31.65 on Friday. The company has a current ratio of 3.48, a quick ratio of 7.17 and a debt-to-equity ratio of 36.22. Topaz Energy has a 12-month low of C$24.37 and a 12-month high of C$33.91. The stock has a market cap of C$4.90 billion, a price-to-earnings ratio of 34.03 and a beta of 0.35. The business’s 50-day moving average is C$31.45 and its 200 day moving average is C$30.75.

Topaz Energy (TSE:TPZ) last released its earnings results on Monday, July 27th. The company reported C$0.29 earnings per share for the quarter. Topaz Energy had a net margin of 48.58% and a return on equity of 12.16%. The business had revenue of C$115.39 million for the quarter. On average, sell-side analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.35 dividend. This is a boost from Topaz Energy’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 15th. This represents a $1.40 annualized dividend and a dividend yield of 4.4%. Topaz Energy’s dividend payout ratio (DPR) is 147.31%.

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.