Topaz Energy (TPZ) Set to Announce Earnings on Monday

Topaz Energy (TSE:TPZ) will issue its quarterly earnings data after the market closes on Monday, July 29th. Analysts expect the company to announce earnings of C$0.07 per share for the quarter.

Topaz Energy (TSE:TPZ) last announced its earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.03). The business had revenue of C$70.88 million for the quarter, compared to analyst estimates of C$78.00 million. Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%.

Topaz Energy Stock Up 0.7 %

Shares of Topaz Energy stock opened at C$24.93 on Friday. The business has a 50-day moving average of C$23.62 and a 200-day moving average of C$21.95. The company has a debt-to-equity ratio of 30.43, a current ratio of 2.47 and a quick ratio of 7.17. The company has a market capitalization of C$3.61 billion, a PE ratio of 77.91 and a beta of 0.50. Topaz Energy has a 1-year low of C$18.03 and a 1-year high of C$25.64.

Topaz Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 5.13%. Topaz Energy’s dividend payout ratio is presently 400.00%.

Analyst Ratings Changes

TPZ has been the subject of several recent analyst reports. Canaccord Genuity Group raised their target price on Topaz Energy from C$28.50 to C$29.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Royal Bank of Canada lifted their price target on Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Desjardins lifted their price target on Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Scotiabank lifted their price target on Topaz Energy from C$33.00 to C$34.00 in a research note on Friday, July 12th. Finally, CIBC lifted their price target on Topaz Energy from C$27.00 to C$30.00 in a research note on Monday, July 15th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$28.50.

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.