Topaz Energy (TSE:TPZ – Get Free Report) had its price target lifted by research analysts at TD Securities from C$27.00 to C$28.00 in a report released on Tuesday, BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 7.57% from the stock’s current price.
A number of other equities research analysts have also issued reports on TPZ. CIBC increased their price target on Topaz Energy from C$27.00 to C$30.00 in a research note on Monday, July 15th. BMO Capital Markets raised their price objective on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Canaccord Genuity Group raised their price objective on Topaz Energy from C$29.00 to C$29.50 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Scotiabank raised their price objective on Topaz Energy from C$33.00 to C$34.00 in a research report on Friday, July 12th. Finally, Jefferies Financial Group raised their price objective 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. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$29.21.
View Our Latest Analysis on TPZ
Topaz Energy Stock Up 0.7 %
Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$78.41 million for the quarter, compared to analysts’ expectations of C$80.00 million. On average, equities research analysts predict that Topaz Energy will post 0.184685 EPS for the current year.
About Topaz Energy
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.
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