Topaz Energy Corp. (TSE:TPZ) Stock Has Average Target Price of C$34.07

Key Points

• Analysts remain bullish on Topaz Energy: Ten firms give the stock a consensus “Buy” rating, with eight buys, one strong buy and one hold. The average 12-month price target is C$34.07, while BMO and CIBC recently raised their targets.
• Topaz shares opened at C$28.11, down 1.4%, versus a 52-week range of C$24.37 to C$33.91. The company has a market capitalization of approximately C$4.36 billion.
• The company pays a 5.0% dividend yield: Topaz declared a quarterly dividend of $0.35 per share, or $1.40 annualized, although its reported payout ratio is elevated at 147.31%.

Shares of Topaz Energy Corp. (TSE:TPZ - Get Free Report) have been given a consensus recommendation of "Buy" by the ten research firms that are presently covering the firm, MarketBeat.com reports. One 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 analysts that have updated their coverage on the stock in the last year is C$34.07.

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

Topaz Energy Trading Down 1.4%

Shares of TSE:TPZ opened at C$28.11 on Thursday. The company has a market cap of C$4.36 billion, a P/E ratio of 30.23 and a beta of 0.47. The company has a debt-to-equity ratio of 36.22, a current ratio of 3.48 and a quick ratio of 7.17. Topaz Energy has a 1 year low of C$24.37 and a 1 year high of C$33.91. The stock's fifty day moving average price is C$30.65 and its 200-day moving average price is C$31.12.

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

Topaz Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Topaz Energy's dividend payout ratio is presently 147.31%.

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.

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