Topaz Energy (TSE:TPZ) PT Raised to C$35.00

Topaz Energy (TSE:TPZ) had its price objective increased by equities research analysts at Scotiabank from C$34.00 to C$35.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 30.01% from the stock’s current price.

A number of other analysts have also recently weighed in on TPZ. Desjardins raised their price objective on shares of Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Royal Bank of Canada upped their price objective on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. BMO Capital Markets boosted their target price on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. CIBC raised their price target on Topaz Energy from C$27.00 to C$30.00 in a research note on Monday, July 15th. Finally, TD Securities boosted their price objective on Topaz Energy from C$27.00 to C$28.00 in a research note on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$30.04.

Topaz Energy Stock Down 0.4 %

TPZ stock opened at C$26.92 on Tuesday. The company’s 50 day moving average price is C$26.17 and its 200 day moving average price is C$24.43. The firm has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 72.76 and a beta of 0.50. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two week high of C$27.78. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12.

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, beating analysts’ consensus estimates of C$0.07 by C$0.05. The business had revenue of C$78.41 million for the quarter, compared to analyst estimates of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. On average, equities research analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal 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.