Topaz Energy (TSE:TPZ) PT Raised to C$33.50

Topaz Energy (TSE:TPZ) had its price target boosted by stock analysts at National Bankshares from C$32.50 to C$33.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 25.66% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Desjardins upped their target price on shares of Topaz Energy from C$26.50 to C$28.50 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. BMO Capital Markets upped their price objective on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Scotiabank raised their target price on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group upped their price target on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, CIBC lifted their price objective on Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$30.04.

Topaz Energy Stock Performance

Shares of TSE:TPZ traded down C$0.38 on Wednesday, hitting C$26.66. 70,170 shares of the company were exchanged, compared to its average volume of 268,996. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12. The company’s 50 day moving average price is C$26.15 and its two-hundred day moving average price is C$24.41. Topaz Energy has a one year low of C$18.03 and a one year high of C$27.78. The firm has a market capitalization of C$3.86 billion, a price-to-earnings ratio of 72.05 and a beta of 0.50.

Topaz Energy (TSE:TPZ) last announced its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.05. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. The company had revenue of C$78.41 million for the quarter, compared to analyst estimates of C$80.00 million. Research analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Company Profile

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.