Topaz Energy Corp. (TSE:TPZ) Receives Average Rating of "Buy" from Brokerages

Key Points

• Topaz Energy holds an average “Buy” rating from 10 analysts, including eight buy ratings and one strong-buy rating. The average 12-month price target is C$34.07, with recent target increases from CIBC and BMO Capital Markets.
• The stock opened at C$30.79, with a market capitalization of approximately C$4.77 billion. In its latest quarter, Topaz reported C$0.29 in EPS and C$115.39 million in revenue, alongside a 48.58% net margin.
• Topaz declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 4.5% yield. The dividend is payable September 29 to shareholders of record on the same date, though its payout ratio is elevated at 147.31%.

Topaz Energy Corp. (TSE:TPZ - Get Free Report) has earned an average rating of "Buy" from the ten research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$34.07.

Several equities research analysts recently commented on the stock. Scotiabank upgraded shares of Topaz Energy to a "strong-buy" rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce upped their price target on shares of Topaz Energy from C$34.50 to C$35.25 in a research report on Tuesday, July 28th. Finally, BMO Capital Markets lifted their price target on shares of Topaz Energy from C$35.50 to C$36.50 in a report on Tuesday, July 28th.

Topaz Energy Trading Down 1.3%

TSE TPZ opened at C$30.79 on Friday. The company has a market cap of C$4.77 billion, a price-to-earnings ratio of 33.11 and a beta of 0.34. Topaz Energy has a twelve month low of C$24.37 and a twelve month high of C$33.91. The company has a quick ratio of 7.17, a current ratio of 3.48 and a debt-to-equity ratio of 36.22. The business's fifty day moving average is C$31.50 and its 200 day moving average is C$31.38.

Topaz Energy (TSE:TPZ - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported C$0.29 earnings per share (EPS) for the quarter. Topaz Energy had a return on equity of 12.16% and a net margin of 48.58%.The business had revenue of C$115.39 million during the quarter. As a group, sell-side analysts expect that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 15th. Topaz Energy's dividend payout ratio (DPR) is 147.31%.

Topaz Energy Company Profile

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.

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