Topaz Energy Corp reports results for the quarter ended June 30 - Earnings Summary

• Topaz Energy Corp TPZ.TO reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of two analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 5 cents to 7 cents per share.

• Revenue rose 3.5% to C$81.19 million from a year ago; analysts expected C$83.00 million.

• Topaz Energy Corp's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of C$28.16 million.

• Topaz Energy Corp shares had fallen by 0.2% this quarter and lost 8.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Topaz Energy Corp is C$31.00, about 15.9% above its last closing price of C$26.08

This summary was machine generated from LSEG data July 28 at 10:33 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)