Topaz Energy (TSE:TPZ) PT Raised to C$31.00 at Canaccord Genuity Group

Topaz Energy (TSE:TPZ) had its target price upped by investment analysts at Canaccord Genuity Group from C$29.50 to C$31.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 13.93% from the company’s current price.

TPZ has been the topic of a number of other reports. Desjardins increased their price objective 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. Scotiabank increased their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Tuesday. National Bankshares boosted their price objective on Topaz Energy from C$28.50 to C$32.50 in a report on Monday, August 19th. Royal Bank of Canada increased their target price on Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, TD Securities boosted their price target on Topaz Energy from C$27.00 to C$28.00 in a report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$30.04.

Topaz Energy Stock Up 1.1 %

Shares of Topaz Energy stock opened at C$27.21 on Wednesday. Topaz Energy has a 1-year low of C$18.03 and a 1-year high of C$27.78. The company has a market capitalization of C$3.94 billion, a PE ratio of 73.54 and a beta of 0.50. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. The business has a 50-day moving average of C$26.19 and a 200-day moving average of C$24.45.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.05. The company had revenue of C$78.41 million for the quarter, compared to the consensus estimate of C$80.00 million. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. As a group, equities analysts forecast 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.