Topaz Energy Corp. (TSE:TPZ) Given Average Recommendation of “Buy” by Brokerages

Topaz Energy Corp. (TSE:TPZ) has earned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$33.65.

TPZ has been the subject of a number of analyst reports. Desjardins lifted their price target on shares of Topaz Energy from C$31.00 to C$32.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. Royal Bank Of Canada lifted their price target on shares of Topaz Energy from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. ATB Cormark Capital Markets lifted their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. TD lifted their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, TD Securities lifted their price target on shares of Topaz Energy from C$30.00 to C$33.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th.

Topaz Energy Price Performance

TSE TPZ opened at C$31.43 on Monday. The company has a current ratio of 2.93, a quick ratio of 7.17 and a debt-to-equity ratio of 35.87. Topaz Energy has a 1-year low of C$23.95 and a 1-year high of C$32.46. The company has a 50 day moving average of C$31.05 and a 200-day moving average of C$28.69. The company has a market cap of C$4.87 billion, a price-to-earnings ratio of 36.13 and a beta of 0.21.

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

Topaz Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, March 13th. Topaz Energy’s dividend payout ratio (DPR) 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.