Topaz Energy Corp. (TSE:TPZ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Topaz Energy Corp. (TSE:TPZ) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$31.54.

A number of research analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. CIBC upped their target price on Topaz Energy from C$31.00 to C$32.00 in a research report on Friday, January 17th. Desjardins increased their target price on Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. National Bankshares boosted their price target on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Raymond James set a C$34.00 price objective on Topaz Energy and gave the stock an “outperform” rating in a research report on Tuesday, October 29th.

Topaz Energy Trading Down 2.8 %

Shares of TSE:TPZ opened at C$26.06 on Tuesday. Topaz Energy has a 52-week low of C$18.59 and a 52-week high of C$29.51. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12. The company has a market capitalization of C$3.78 billion, a P/E ratio of 70.43 and a beta of 0.50. The company has a 50-day simple moving average of C$27.46 and a 200 day simple moving average of C$26.58.

Topaz Energy (TSE:TPZ) last released its quarterly earnings data on Monday, November 4th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.01. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. During the same period in the previous year, the business earned $0.07 earnings per share. Sell-side analysts forecast that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Friday, December 13th. Topaz Energy’s payout ratio is currently 356.76%.

Topaz Energy Company Profile

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.