Topaz Energy Corp. (TSE:TPZ) Receives Average Recommendation of “Buy” from Brokerages

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

Several research analysts have commented on the company. BMO Capital Markets boosted their target price on Topaz Energy from C$35.50 to C$36.50 in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce raised their target price on shares of Topaz Energy from C$34.50 to C$35.25 in a research report on Tuesday, July 28th. Finally, Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a report on Friday, June 26th.

Topaz Energy Stock Down 1.2%

TPZ stock opened at C$29.86 on Friday. The company has a market cap of C$4.62 billion, a PE ratio of 32.11 and a beta of 0.34. The business has a 50-day simple moving average of C$31.48 and a 200 day simple moving average of C$31.38. Topaz Energy has a 52 week low of C$24.37 and a 52 week high of C$33.91. The company has a quick ratio of 7.17, a current ratio of 3.48 and a debt-to-equity ratio of 36.22.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings data on Monday, July 27th. The company reported C$0.29 EPS 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 during the quarter. Sell-side analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued 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 is Tuesday, September 15th. Topaz Energy’s dividend payout ratio is presently 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.