Topaz Energy (TSE:TPZ – Free Report) had its price target increased by Scotiabank from C$33.00 to C$34.00 in a report issued on Friday, BayStreet.CA reports.
Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada upped their target price on Topaz Energy from C$27.00 to C$28.00 and gave the stock an outperform rating in a research report on Wednesday, July 3rd. Canaccord Genuity Group raised their target price on shares of Topaz Energy from C$28.50 to C$29.00 and gave the company a buy rating in a research note on Wednesday, July 3rd. BMO Capital Markets lifted their target price on shares of Topaz Energy from C$27.00 to C$29.00 in a report on Wednesday, July 3rd. National Bankshares upped their price target on shares of Topaz Energy from C$27.50 to C$28.50 and gave the company an outperform rating in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group lifted their price objective on Topaz Energy from C$25.00 to C$27.00 and gave the stock a buy rating in a research note on Wednesday, July 3rd. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Topaz Energy currently has a consensus rating of Buy and a consensus price target of C$28.00.
View Our Latest Stock Analysis on TPZ
Topaz Energy Trading Up 0.8 %
Topaz Energy (TSE:TPZ – Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The company had revenue of C$70.88 million during the quarter, compared to analyst estimates of C$78.00 million. Topaz Energy had a return on equity of 3.62% and a net margin of 14.29%. Analysts expect that Topaz Energy will post 0.198902 EPS for the current fiscal year.
Topaz Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.28 annualized dividend and a yield of 5.10%. Topaz Energy’s dividend payout ratio is 400.00%.
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.
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