Topaz Energy (TSE:TPZ – Free Report) had its target price raised by CIBC from C$27.00 to C$30.00 in a report issued on Monday morning, BayStreet.CA reports.
Several other equities analysts also recently weighed in on TPZ. Scotiabank lifted their price target on shares of Topaz Energy from C$33.00 to C$34.00 in a report on Friday, July 12th. BMO Capital Markets lifted their price target on shares of Topaz Energy from C$27.00 to C$29.00 in a report on Wednesday, July 3rd. Canaccord Genuity Group lifted their price objective on shares of Topaz Energy from C$28.50 to C$29.00 and gave the company a buy rating in a research report on Wednesday, July 3rd. Jefferies Financial Group lifted their price objective on shares of Topaz Energy from C$25.00 to C$27.00 and gave the company a buy rating in a research report on Wednesday, July 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Topaz Energy from C$25.00 to C$27.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Topaz Energy presently has an average rating of Buy and an average target price of C$28.33.
Get Our Latest Stock Analysis on Topaz Energy
Topaz Energy Stock Performance
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$70.88 million during the quarter, compared to analysts’ expectations of C$78.00 million. On average, equities research analysts predict that Topaz Energy will post 0.198902 EPS for the current year.
Topaz Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Friday, June 14th. Topaz Energy’s dividend payout ratio (DPR) is 400.00%.
About Topaz Energy
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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