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

Shares of Topaz Energy Corp. (TSE:TPZ) have earned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$33.65.

TPZ has been the topic of several analyst reports. ATB Cormark Capital Markets upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. TD upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Scotiabank raised Topaz Energy to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Raymond James Financial cut Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 price objective on the stock. in a research report on Monday, March 30th.

Topaz Energy Stock Performance

Shares of TPZ opened at C$29.47 on Tuesday. The company has a quick ratio of 7.17, a current ratio of 2.93 and a debt-to-equity ratio of 35.87. The business’s 50 day moving average price is C$31.57 and its 200-day moving average price is C$30.09. Topaz Energy has a 52 week low of C$24.37 and a 52 week high of C$33.91. The stock has a market cap of C$4.56 billion, a P/E ratio of 33.87 and a beta of 0.32.

Topaz Energy (TSE:TPZ) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.25 earnings per share (EPS) for the quarter. The business had revenue of C$88.66 million for the quarter. Topaz Energy had a return on equity of 10.95% and a net margin of 45.79%. Equities research analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.

Topaz Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a $0.35 dividend. This is a boost from Topaz Energy’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.40 annualized dividend and a yield of 4.8%. Topaz Energy’s payout ratio is currently 156.32%.

About Topaz Energy

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.