Topaz Energy (TSE:TPZ) Posts Earnings Results

Topaz Energy (TSE:TPZ) announced its quarterly earnings results on Monday. The company reported C$0.32 earnings per share (EPS) for the quarter, FiscalAI reports. Topaz Energy had a return on equity of 12.16% and a net margin of 48.58%. The business had revenue of C$87.19 million for the quarter.

Topaz Energy Price Performance

Shares of TSE TPZ opened at C$29.62 on Wednesday. Topaz Energy has a fifty-two week low of C$24.52 and a fifty-two week high of C$33.91. The stock has a market cap of C$4.60 billion, a P/E ratio of 31.85 and a beta of 0.52. The firm’s 50-day simple moving average is C$30.28 and its 200 day simple moving average is C$30.73. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Topaz Energy’s dividend payout ratio (DPR) is 147.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Topaz Energy from C$34.50 to C$35.25 in a report on Tuesday, July 28th. BMO Capital Markets boosted their target price on shares of Topaz Energy from C$35.50 to C$36.50 in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Topaz Energy currently has an average rating of “Buy” and a consensus price target of C$34.07.

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.