Scotiabank Boosts Topaz Energy (TSE:TPZ) Price Target to C$36.00

Topaz Energy (TSE:TPZ) had its price target boosted by equities researchers at Scotiabank from C$35.00 to C$36.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 32.74% from the stock’s current price.

Several other research firms also recently commented on TPZ. CIBC lifted their price objective on Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group boosted their target price on Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. TD Securities boosted their target price on Topaz Energy from C$28.00 to C$30.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Desjardins boosted their price objective on Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Topaz Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$31.54.

Topaz Energy Trading Up 0.4 %

TSE:TPZ opened at C$27.12 on Friday. The firm has a market cap of C$3.93 billion, a price-to-earnings ratio of 73.30 and a beta of 0.50. Topaz Energy has a 12 month low of C$18.59 and a 12 month high of C$29.51. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52. The company’s 50 day moving average is C$27.57 and its 200-day moving average is C$26.46.

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.