Topaz Energy Corp. (TSE:TPZ) Stock Now Rated “Buy” by Wall Street Brokerages

Shares of Topaz Energy Corp. (TSE:TPZ) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$34.07.

TPZ has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Topaz Energy from C$35.50 to C$36.50 in a research report on Tuesday, July 28th. Scotiabank raised Topaz Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Topaz Energy from C$34.50 to C$35.25 in a research report on Tuesday, July 28th.

Topaz Energy Price Performance

TSE:TPZ opened at C$29.63 on Thursday. The firm has a market capitalization of C$4.60 billion, a price-to-earnings ratio of 31.86 and a beta of 0.47. Topaz Energy has a 52-week low of C$24.37 and a 52-week high of C$33.91. The stock has a fifty day moving average of C$30.45 and a 200 day moving average of C$31.05. The company has a debt-to-equity ratio of 36.22, a quick ratio of 7.17 and a current ratio of 3.48.

Topaz Energy (TSE:TPZ) last posted its earnings results on Monday, July 27th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$115.39 million during the quarter. Topaz Energy had a return on equity of 12.16% and a net margin of 48.58%. On average, research analysts expect that Topaz Energy will post 0.20 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Topaz Energy’s payout ratio is currently 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.