Analysts Set Topaz Energy Corp. (TSE:TPZ) Price Target at C$33.65

Topaz Energy Corp. (TSE:TPZ) has earned an average rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating 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$33.65.

Several research analysts have recently weighed in on TPZ shares. TD lifted their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. ATB Cormark Capital Markets lifted their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. TD Securities lifted their price target on shares of Topaz Energy from C$30.00 to C$33.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Desjardins upped their price target on shares of Topaz Energy from C$31.00 to C$32.50 and gave the stock a “buy” rating in a research report on Thursday, February 26th.

Topaz Energy Stock Down 0.1%

Shares of Topaz Energy stock opened at C$32.54 on Friday. The company has a debt-to-equity ratio of 35.87, a quick ratio of 7.17 and a current ratio of 2.93. The stock has a market capitalization of C$5.04 billion, a PE ratio of 37.40 and a beta of 0.32. Topaz Energy has a 52-week low of C$24.37 and a 52-week high of C$33.91. The company has a 50-day simple moving average of C$31.61 and a two-hundred day simple moving average of C$29.90.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.25 EPS for the quarter. Topaz Energy had a net margin of 45.79% and a return on equity of 10.95%. The firm had revenue of C$88.66 million during the quarter. On average, analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.35 per share. This is a boost from Topaz Energy’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. Topaz Energy’s payout ratio is 156.32%.

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.