Analysts Set Topaz Energy Corp. (TSE:TPZ) Price Target at C$26.88

Topaz Energy Corp. (TSE:TPZGet Free Report) has been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$26.88.

Several research analysts recently weighed in on the company. BMO Capital Markets set a C$27.00 target price on Topaz Energy and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. CIBC raised their price objective on Topaz Energy from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Royal Bank of Canada increased their target price on shares of Topaz Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Desjardins reduced their price target on shares of Topaz Energy from C$27.50 to C$26.50 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Finally, Jefferies Financial Group set a C$23.00 price objective on shares of Topaz Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th.

View Our Latest Analysis on TPZ

Topaz Energy Price Performance

Shares of TSE:TPZ opened at C$22.71 on Thursday. The company has a market cap of C$3.29 billion, a P/E ratio of 70.97 and a beta of 0.50. The business has a fifty day simple moving average of C$22.37 and a 200-day simple moving average of C$20.59. Topaz Energy has a 52 week low of C$18.03 and a 52 week high of C$23.17. The company has a quick ratio of 7.17, a current ratio of 2.47 and a debt-to-equity ratio of 30.43.

Topaz Energy (TSE:TPZGet Free Report) last released its earnings results on Monday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.03). Topaz Energy had a return on equity of 3.62% and a net margin of 14.29%. The company had revenue of C$70.88 million during the quarter, compared to analyst estimates of C$78.00 million. Equities research analysts forecast that Topaz Energy will post 0.2183457 EPS for the current year.

Topaz Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 5.64%. Topaz Energy’s dividend payout ratio (DPR) is 400.00%.

Insiders Place Their Bets

In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total transaction of C$4,470,000.00. Company insiders own 35.67% of the company’s stock.

Topaz Energy Company Profile

(Get Free Report

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.

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Analyst Recommendations for Topaz Energy (TSE:TPZ)

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