Equities Analysts Set Expectations for Topaz Energy Corp.’s Q2 2023 Earnings (TSE:TPZ)

Posted by Defense World Staff on Jul 17th, 2023

Topaz Energy Corp. (TSE:TPZ – Free Report) – Equities researchers at Stifel Firstegy increased their Q2 2023 earnings estimates for Topaz Energy in a research note issued to investors on Thursday, July 13th. Stifel Firstegy analyst M. Dunn now expects that the company will earn $0.07 per share for the quarter, up from their previous estimate of $0.06. The consensus estimate for Topaz Energy’s current full-year earnings is $0.27 per share. Stifel Firstegy also issued estimates for Topaz Energy’s FY2023 earnings at $0.22 EPS and FY2024 earnings at $0.26 EPS.

Several other equities research analysts have also issued reports on TPZ. BMO Capital Markets dropped their price target on Topaz Energy from C$30.00 to C$28.00 in a research note on Monday, March 27th. TD Securities upped their target price on Topaz Energy from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Raymond James decreased their price target on shares of Topaz Energy from C$28.00 to C$26.00 in a research note on Tuesday, April 11th. CIBC upped their price objective on shares of Topaz Energy from C$26.00 to C$26.25 in a research note on Friday. Finally, Canaccord Genuity Group decreased their target price on shares of Topaz Energy from C$28.00 to C$27.50 in a research report on Wednesday, March 29th. Seven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Topaz Energy has an average rating of “Buy” and an average target price of C$27.69.

Topaz Energy Stock Down 1.2 %

Shares of TSE:TPZ opened at C$20.92 on Monday. The firm has a market capitalization of C$3.02 billion, a PE ratio of 31.70 and a beta of 0.63. The company has a debt-to-equity ratio of 32.08, a quick ratio of 7.17 and a current ratio of 10.99. Topaz Energy has a 52-week low of C$17.76 and a 52-week high of C$24.49. The firm has a fifty day moving average of C$20.57 and a 200 day moving average of C$20.02.

Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings results on Monday, May 1st. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.04). The company had revenue of C$78.19 million during the quarter. Topaz Energy had a return on equity of 7.28% and a net margin of 26.15%.

Topaz Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 5.74%. Topaz Energy’s payout ratio is presently 181.82%.

Topaz Energy Company Profile

(Get Free Report)

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates through two segments: the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6.1 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.