Topaz Energy Corp. (TSE:TPZ) Stock Has Average Target Price of C$34.07

Topaz Energy Corp. (TSE:TPZ) has been given an average rating of “Buy” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$34.07.

A number of analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Topaz Energy from C$35.50 to C$36.50 in a report on Tuesday, July 28th. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce increased their target price 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

Shares of TPZ opened at C$29.19 on Thursday. The firm has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 31.39 and a beta of 0.47. The firm’s fifty day simple moving average is C$30.49 and its 200-day simple moving average is C$31.07. Topaz Energy has a twelve month low of C$24.37 and a twelve month high of C$33.91. The company has a current ratio of 3.48, a quick ratio of 7.17 and a debt-to-equity ratio of 36.22.

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

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.8%. Topaz Energy’s payout ratio is 147.31%.

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.