Topaz Energy Corp. (TSE:TPZ – Get Rating) declared a quarterly dividend on Wednesday, September 14th, TickerTech reports. Shareholders of record on Friday, September 30th will be paid a dividend of 0.28 per share on Friday, September 30th. This represents a $1.12 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Wednesday, September 14th. This is a positive change from Topaz Energy's previous quarterly dividend of $0.26.
Topaz Energy Stock Performance
Shares of Topaz Energy stock traded up C$0.38 during trading hours on Monday, reaching C$20.58. The company had a trading volume of 47,427 shares, compared to its average volume of 308,335. Topaz Energy has a one year low of C$15.52 and a one year high of C$24.80. The business has a fifty day simple moving average of C$20.48 and a 200 day simple moving average of C$21.36. The company has a debt-to-equity ratio of 15.96, a current ratio of 6.63 and a quick ratio of 5.84. The firm has a market cap of C$2.96 billion and a PE ratio of 33.67.
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Topaz Energy (TSE:TPZ – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported C$0.34 EPS for the quarter, topping analysts' consensus estimates of C$0.27 by C$0.07. The company had revenue of C$117.92 million during the quarter, compared to the consensus estimate of C$106.80 million. On average, analysts anticipate that Topaz Energy will post 0.89 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TPZ. Canaccord Genuity Group set a C$30.75 price target on Topaz Energy and gave the stock a "buy" rating in a report on Thursday, August 25th. CIBC increased their price objective on Topaz Energy from C$27.00 to C$28.00 in a research report on Monday, August 22nd. Stifel Nicolaus increased their price objective on Topaz Energy from C$31.25 to C$31.50 in a research report on Wednesday, August 3rd. Raymond James increased their price objective on Topaz Energy from C$27.00 to C$29.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 5th. Finally, National Bankshares lowered their price objective on Topaz Energy from C$32.00 to C$30.00 and set an "outperform" rating on the stock in a research report on Monday, July 18th. Eleven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Topaz Energy has a consensus rating of "Buy" and a consensus price target of C$27.42.
About Topaz Energy
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Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.
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