Topaz Energy (TSE:TPZ) Posts Quarterly Earnings Results

Topaz Energy (TSE:TPZ) issued its earnings results on Tuesday. The company reported C$0.25 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$88.66 million for the quarter. Topaz Energy had a return on equity of 9.77% and a net margin of 39.18%.

Topaz Energy Stock Performance

Topaz Energy stock traded down C$0.60 during mid-day trading on Thursday, reaching C$31.19. The company’s stock had a trading volume of 118,531 shares, compared to its average volume of 623,282. The firm has a market cap of C$4.82 billion, a price-to-earnings ratio of 37.58 and a beta of 0.21. Topaz Energy has a twelve month low of C$23.95 and a twelve month high of C$32.46. The business has a 50 day moving average price of C$31.03 and a 200-day moving average price of C$28.64. The company has a current ratio of 11.26, a quick ratio of 7.17 and a debt-to-equity ratio of 37.54.

Topaz Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.34 per share. The ex-dividend date was Friday, March 13th. This represents a $1.36 annualized dividend and a yield of 4.4%. Topaz Energy’s dividend payout ratio (DPR) is 162.65%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TPZ shares. Raymond James Financial downgraded shares of Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 target price on the stock. in a research note on Monday, March 30th. Jefferies Financial Group dropped their price target on shares of Topaz Energy from C$31.00 to C$30.00 in a research note on Tuesday, January 20th. Canadian Imperial Bank of Commerce increased their price target on Topaz Energy from C$29.00 to C$33.50 and gave the company an “outperform” rating in a report on Wednesday, February 25th. ATB Cormark Capital Markets lifted their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$33.65.

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.